• Tech Crunch, Friday, April 22, 2011 11:39 AM

Japanese mobile gaming company GREE has acquired mobile gaming startup OpenFeint for $104 million in cash plus additional capital for growth of the OpenFeint platform. "OpenFeint provides a comprehensive mobile social gaming platform for the iPhone and Android platforms," according to TechCrunch. "OpenFeint's plug and play mobile social platform and application for smartphones includes a set of online game services such as leaderboards, virtual currencies and achievements running in a cloud-based Web environment."

OpenFeint and its team, including CEO and founder Jason Citron, are expected to stay on with long-term incentives. The OpenFeint platform first launched on the iPhone and iPad and more recently adding Android game developers to its rapidly growing community. Previously, OpenFeint raised $12 million in funding from Intel Capital, Chinese gaming company The9 and Gree rival DeNa. As TechCrunch notes, this isn't the first gaming company to be acquired by a Japanese gaming giant. Last year, DeNa bought social gaming startup Ngmoco for $400 million.

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