MySpace Founder’s New Startup Nabs $130 Million

TheWrap: U.S. mobile games studio SGN has announced an investment of $130 million from Netmarble Games, the No. 1 mobile games publisher in South Korea. The investment positions Netmarble as the largest shareholder in SGN, which was started by MySpace cofounders DeWolfe and Aber Whitcomb with former Fox executive Josh Yguado. With the partnership, SGN looks to grow their share in Asia, the biggest mobile games market in the world. Similarly, Netmarble will tap SGN’s expertise to expand to the West.