John Schappert, the former No. 2 executive at Zynga, has gone back to his roots as a game developer, creating a new game startup Shiver Entertainment with funding from Nexon.
The investment is the third major deal that Nexon has cut in a few months, where it has agreed to investment money in and publish titles from startups that have been created by some of the most well-known developers of video games. Besides Schappert’s new company, Nexon has also invested in Brian Reynold’s SecretNewCo and in Greg Richardson’s Rumble Entertainment. The move will take Nexon, which made its name with free-to-play games such as Maplestory, into Western game markets and, possibly, make it a player on the global stage for games.
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