In late January we reported that GungHo Group had acquired Suda 51's studio Grasshopper Manufacture. In late February the Japanese mobile publisher revealed staggering sales figures: it reported it had generated around $65 million during January - or about $2 million dollars a day - from a single game: Puzzle & Dragons.
Today we learn that it has been acquired by Japanese telecommunications company SoftBank. SoftBank will pay 25 billion yen ($265 million) on April 1 to increase its stake in GungHo to 58.5 percent, making GungHo a consolidated subsidiary. SoftBank will also bring GungHo's wholly owned subsidiaries Grasshopper Manufacture and Acquire into its family as part of the acquisition.