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SoftBank plans to sell Puzzle & Dragons maker in deal valued at $685 million

SoftBank Group plans to sell most of its stake in GungHo Online Entertainment to management of the game publisher in deal valued at  ¥73 billion, or roughly $685 million, according to published reports.

Japan-based GungHo, the maker of the popular Puzzle & Dragon’s mobile game, said it plans to buy back its shares from the Japanese telecommunications giant. GungHo will hold a tender offer starting within 20 days from June 3 for ¥294 a share. The news follows upon SoftBank’s announcement that it was selling its shares in Alibaba Group for about $10 billion.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.