“Done Deal” – DeNA To Announce Ngmoco Acquisition Very Soon

An update to our post last week on Japan's DeNA mulling over an acquisition of San Francisco based social gaming startup ngmoco. The deal is supposedly done and will be announced shortly, possibly on Tuesday. The price we reported, $400 million or so, is in the ballpark, says a new source. And part of the reason ngmoco, with revenues in the $30 million range, can command such a high price is the relative strength of the yen v. the dollar. In 2007 the dollar was hovering in the 120 yen range. Today it's worth just 81ish.