San Francisco-based mobile gaming startup Funzio�had just come off making more than $5 million in sales per month when it sold to�Japan's GREE for $210 million last week.�Profits may be another story, and there's less visibility into that. But�Funzio had to decide between raising additional funding or selling at the time the deal happened. The numbers were revealed in GREE's earnings statement today. Funzio's acquisition comes at a very fascinating time for GREE, a $4.8 billion mobile gaming company from Japan. Like Zynga in the U.S., GREE and its archrival DeNA are part of a younger vanguard of freemium gaming companies that have found success in their home market of Japan. But there are threats on the horizon. GREE's�shares were absolutely slaughtered on the Tokyo Stock Exchange on Monday. The company's shares fell a record 23 percent after the Japanese government said it was investigating the legality of various game mechanics in the social gaming industry. Source: http://feedproxy.google.com/~r/Techcrunch/~3/SNWg_wNM5DM/
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