Japan's GungHo slays rivals with dragon game

By Somang Yang SEOUL (Reuters) - GungHo Online Entertainment Inc was a blip on Japan's gaming scene six months ago. But the phenomenal success of a single mobile game, Puzzles & Dragons, has sent the company's shares up more than 1,000 percent since October, valuing the company at $4.4 billion - far more than better known rival Zynga's $2.7 billion market value. The comparison to Zynga Inc, once a market darling whose shares have tumbled 70 percent in the past year, is also a cautionary tale for investors of how quickly a game and its creator can fall from grace. ...



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