Black Desert parent corporation is merging all its game businesses
MMORPG players know Kakao chiefly as the publishing and localization giant behind Pearl Abyss-developed Black Desert, but over in its native South Korea, the company is a massive conglomerate of multiple companies and mergers with internet subsidiaries covering everything from chat programs and blogging to fashion and an Uber clone.
And of course, one of its biggest businesses in recent years is its gaming sector, which Business Korea says Kakao is currently consolidating into a single holding company dubbed Kakao Games Holdings. According to the company, the goal is to increase efficiency in its main “cash cow,” focus on internal development, and ultimately increase the value and desirability of its planned IPO.
In addition to MMORPG Black Desert, the company runs multiple mobile games and has apparently secured a deal to publish PlayerUnknown’s Battlegrounds in Korea.