Krafton acquires 100% of 5minlab for KRW 23.8bn
Not yet reviewed: summarised from filings and press reports; figures may differ between reports. Please check the original sources.
- Deal value
- $16m
- Stake
- 100%
- Implied 100%
- $16m
- Revenue
- —
- Op. income
- —
- Multiples
- —
Deal value ÷ stake (structure unconfirmed)
- Target
- 5minlab · Mobile game development
- Buyer
- Krafton · SI
- Seller
- —
- Structure
- —
- Announced
- Feb 11, 2022
- Closed
- —
- Stage
- Closed
Target
5minlab, founded in 2013, is an independent game studio that developed the mobile PvP action game Smash Legends and has run live service for a Japanese manga-IP game in Thailand and Taiwan for five years.
Deal rationale
Krafton cited talent built through long-term experience and technology proven in work with a large corporate partner. CEO Kim Chang-han said the deal secured a strong independent studio and developers whom Krafton would support to focus on new titles. The KRW 23.8bn price is structured as an earn-out.
Press coverage
- 데일리안 (2022-02-11): “지분 100%를 확보했다고 11일 밝혔다.”
- 한국벤처캐피탈협회 M&A 뉴스레터 (2022-04): “크래프톤, ‘스매시 레전드’ 개발사 5민랩 238억에 인수”
This is a data entry summarising filings and press reports. Please check the original sources for the figures.