MUMBAI: The Walt Disney Company has acquired South Korean game developer Studio Ex, according to a report in the Hollywood Reporter. Studio Ex is a start-up whose main focus is multiplayer, free-to-play online and mobile games which is a lucrative sector in Korea since it has one of the highest mobile phone gaming and social media penetration in the world.

Studio Ex has yet to actually launch any game which has led to speculation that the Disney acquisition is likely a talent grab considering David Moon was director of game services at NHN.
"Through a stock purchase agreement, Studio Ex is now a wholly-owned subsidiary of The Walt Disney Company reporting into Disney Interactive," Disney said in a statement confirming the buy.