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July 10, 2006
Japanese Investor Goes Strategic On HabboHotel
Sulake Corporation, the company behind the Habbohotel, the animated chat service for teens, has taken on an investment from Movida Group - a joint venture by SoftBank BB Corp. and Asian Groove, it said today in a statement issued by 3i (an earlier investor).
The Finnish company received €6M to expand the Habbo characters, as well as merchandise and mobile games into the Japanese market and other East Asian countries. Movida said it will take a hands on approach and help Sulake make a success of its online businesses in the Asia region.
Posted on July 10, 2006 05:55 PM | Posted to Online services | Venture Capital | Permalink
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