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Line Agrees to Acquire Stake in Game Developer Gumi

Line Corp. agreed to buy less than 10 percent of game developer Gumi Inc. as the operator of Japan’s most popular mobile messaging service seeks to win users overseas.

The size and value of the stake is under discussion, the two companies said in a joint statement at a press conference in Tokyo today. Line is seeking alliances with local and global companies outside the gaming business as well, Jun Masuda, chief strategy and marketing officer, said at the briefing.