Movida Group invest 6 MILLION EURO in Habbo!

[Catchetat]

Movida Group, a SoftBank and Asian Groove joint venture, invest EUR 6 million in Habbo, the leading online teen community and brand

Sulake Corporation, which operates the leading online teen community Habbo, has started a new strategic cooperation in Japan. Movida Group – a joint venture by SoftBank BB Corp. and Asian Groove – has agreed to invest 6 million Euros of equity into Sulake Corporation. The investment is executed through Movida Investment International.

Movida Group is a joint venture by SoftBank BB, a SoftBank Group company, and Asian Groove, one of Asia's leading interactive entertainment companies.

Timo Soininen, CEO of Sulake Corporation, commented:

"We are happy to have such respected companies as our partners. Their investment and know-how will help us to grow both the Habbo Online community as well as new Habbo brand extensions, such as Habbo Mobile."

Taizo Son, President of Asian Groove, commented:

"Habbo Hotel has very superior functions as an online community, and we believe it has an enormous growth potential in Japan. We would like to utilize our Group synergy and support Habbo not just in Japan but also in the rest of Asia."

Click here (http://www.sulake.com/pressroom_releases_10072006.html) to read the full article!

[Dentafrice1]

Nice find +rep

[i luv rosie]

thats aloot.

[omgabear]

Woah, thats like...

<----->

that much.

Good find, habbo is really expanding!

[blaster.]

WOW :o

[Infrontation]

Lols, what does 6Million do too an online community apart from give Movida lots of shares so they can get the profits while habbo just decide they don't have to do anything too the hotel anymore and they just laze around. If it were too a computer making company they could research and build more computers but too habbo it's just a way of getting of without working. A boost xD

[Campina]

Good Find +Rep
Woooah thats alot of money £6 million

Id be happy with that

[Deiondre]

Well Habbo could buy new servers with it, or advertise so they get more members

Then the $$$ rolls in :D

[Catchetat]

I hope they don't just keep the money lol and thanks :)

[Mrs.McCall]

Call me cynical but I can't see much changing. Sulake will just throw it into new hotels in different places and we won't see any of it. All that will change is new hotels and possibly more needless staff.