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Nexon Co.

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Nexon Co., Korean free-to-play online games giant, announced that it entered into agreement to acquire Japanese mobile game developer gloops Inc. for $469 million, or JP¥ 36.5 billion, in cash.

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Zynga has made a stand in virtual games like FarmVille, CityVille, mafia wars, and many more. The billion-dollar entry will be the second largest IPO offering since Google went public in 2004. The IPO has yet been topped only by online bargain service Groupon, which saw ups and downs in its stock prices after went public last month.

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