Seoul/Hong Kong - Games developer Electronic Arts is set to acquire the assets of Hands-On Mobile Korea, the Korean mobile developer and publisher responsible for mobile role-playing game Heroes Lore. Financial terms of the acquisition were not disclosed, and EA does not expect the deal to impact the company’s fiscal year 2009 financial guidance.
Upon completion of the transaction, the Hands-On Mobile Korea team will become EA Mobile Korea and will take on a strategic role in the EA Mobile Asia development and publishing plans. Subject to customary closing conditions, the acquisition is expected to be completed by the end of the current fiscal quarter. Hands-On Mobile Korea is a subsidiary of parent company Hands-On Mobile based in the US, and is expected to contribute its leadership team, studio talent, as well as carrier and OEM handset manufacturer relationships to EA.
Gilbert Kim, CEO of Hands-On Mobile Korea will become head of EA Mobile, Korea Division. The studio will remain in Korea with growth planned for the development and publishing teams, and will work within the management structure of the EA Mobile Asia Publishing organization.
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