Chat App Line Invests In Mobile Games With New $20M Joint Venture

Funding and Exists

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line games With revenue dropping this past quarter following a slump, Japan-based messaging firm Line is going back to what it knows best with a new $20 million joint venture to create mobile games. The company, which is owned by Korean Internet giant Naver, has partnered with Korean game development firm LongTu to create Hong Kong-based Lantu Games. The 50-50 venture (each side is putting in $10… Read More