BlueQuest Raised Capital and Transferred Outstanding Shares to a New Strategic Partner

BlueQuest Incorporation hereby announces that its Extraordinary General Meeting of Shareholders was held on October 9, 2014 and resolved to increase the company shares through third-party allocation. The newly issued shares were subscribed by Media Kobo, Inc. (Tokyo Stock Exchange Mothers Code: 3815). BlueQuest also transferred 38.7% of its outstanding shares to the Tokyo-based digital content provider.

Upon the capital increase, the current major shareholders of BlueQuest include Media Kobo, Tatsuya Asakawa (President & CEO of BlueQuest), and Striders Corporation.

BlueQuest was established in July, 2013 by splitting from WillArk Company Limited in order to concentrate on pursuing the business of publishing overseas popular online games for PCs and smart phones, fully utilizing our expertise in game content localization and game distribution.

To strengthen its domestic distribution business of overseas game titles, BlueQuest intends to expand its portfolio by adding many smart phone applications covering variety of game genres besides PC browser games published in Japanese social game platforms. We also aim to cooperate with independent game studios from early stages of their game development and publish promising indie game titles globally.

BlueQuest’s strategic partnership to become a group company of Media Kobo provides synergy benefits for both companies. The partnership effectively integrates Media Kobo’s expertise in entertainment content development/production with BlueQuest’s global business development capability and content distribution network.

BlueQuest formed its new management team and is joined by a new board member who has extensive experience in mobile/online game business working for renowned Japanese game companies such as GREE, Inc. and Marvelous Inc. The new board director has been in the industry for more than 14 years and is a seasoned veteran of global business development within mobile, internet, entertainment content business fields. To further enhance its corporate governance, BlueQuest welcomed an additional new board member from Media Kobo and appointed an auditor from an independent outside institution.

2014/10/09 04:00