Gree announced that it has acquired Pokelabo for $173 million. The developer is best known for card battling games like Mystic Monsters and The Clan Battle Of Fate.

“That’s something I’ve struggled with over the past few weeks. Just thinking they could maybe go all the way and compete against DeNA or Gree which are multi-billion dollar companies. But I’m seeing way too many other companies out there trying to do that,” said Pokelabo board member Gen Isayama. “In the smartphone game we were the leader, but people catch up really fast.”

Source: Wall Street Journal