What I am reading:
On the heels of Zynga’s $150 million investment from Japanese media firm Softbank Capital, Japanese gaming company DeNA has announced a $27.5 million fund to make investments in the social gaming community. DeNA holds an 83.3 percent stake in the new fund, which is called Incubate Fund No. 1 Limited Partnership. Other investors include a number of private Japan-based investors.
DeNA says the main objective of the fund is to find and invest in companies that merge social media with game development. The fund will seek to invest in ventures that are at the seed level or higher stages. DeNA will also invest in game developers that can be included in their mobile gaming platform, Mobage-Town. A few months ago, DeNA also announced a strategic partnership with Yahoo Japan with plans to launch a PC-based social gaming platform, called Yahoo Mobage, later this year. 
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