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May 25, 2006 - LOS ANGELES--(BUSINESS WIRE)
Capcom(R) Entertainment Mobile and Interactive Media Division to Acquire Mobile Game Publisher and Developer Cosmic Infinity Inc.
Reaffirming its commitment to the mobile game's market space, the Mobile and Interactive Media division for Capcom Entertainment announced today that it has entered into an agreement to acquire mobile game publisher and developer Cosmic Infinity Inc. This strategic acquisition augments Capcom Entertainment's pool of outstanding development talent and further strengthens their relationships with leading wireless carriers. Additionally, Cosmic Infinity holds several mainstream entertainment licenses, including North American mobile rights for "Who Wants To Be A Millionaire(C)," a perennial top selling title on many wireless carriers around the world.
"This acquisition provides us with the resources necessary to achieve our strategic goals and further elevates our position within the mobile space," said Midori Yuasa, general manager and senior vice president of the Mobile and Interactive Media Division. "Cosmic Infinity has a strong track record, outstanding talent and several notable consumer brands. With their assistance, we intend to make Capcom Entertainment Mobile and Interactive Media a leader in the emerging wireless gaming market."
"Cosmic Infinity is extremely excited to be joining the Capcom team," said Dave Dies, president, Cosmic Infinity. "Capcom has an amazing history in the video game industry punctuated with some truly classic characters and memorable brands. With our pooled resources and extensive experience in mobile game development, we intend to continue Capcom's tradition of compelling gameplay in the mobile arena."
As part of the agreement, Cosmic Infinity Inc. will become a wholly owned subsidiary of Capcom USA, Inc. and the company's management team and key employees will sign employment contracts with Capcom Entertainment. The employees from the Cosmic Infinity group will continue to be based in Burlington, Ontario, Canada. Financial terms of the agreement were not disclosed.
Since its inception in November of 2005, Capcom Entertainment Mobile and Interactive Media has published several games based on Capcom's celebrated intellectual property, including "1942," "Ghost n' Goblins," "Mega Man(R)" and "Resident Evil(R): The Missions" to commercial and critical acclaim.
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