![]() ![]() ![]() The acquisition comes just a few weeks after Joymax revealed a merger with Seoul-based WeMade Entertainment, developer and operator of The Legend of Mir series. It notes that IO Entertainment's titles are "globally profitable", and that Lost Saga grew its sales and concurrent users by 200 percent and 150 percent, respectively, in the past year. ![]() Joymax, also headquartered in Korea, expects "significant growth" in its revenues and game communities in 2011 with this purchase. A month after merging with WeMade Entertainment, online game developer and publisher Joymax (Silkroad Online) has acquired 100 percent of the shares of Korean outfit IO Entertainment.įounded in 2001, IO Entertainment is best known for creating free-to-play MMORPGs such as Lost Saga, which debuted in 2009 and is currently available in Korea, North America, and Taiwan - launches in Indonesia, Thailand, Europe, and Japan are forthcoming.
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