Online games maker OMGPOP is raising a $10 million series B. The money is from new investors Rho Capital and Softbank, as well as existing investors Spark Capital and Betaworks.
OMGPOP CEO Dan Porter tells us the company will use the money to "aggressively" hire flash and mobile developers as it re-orients the company around the iPhone and Facebook. Right now the company has 35 people.
Words With Friends game maker Zynga announced that it is acquiring U.K.-based gaming company NaturalMotion for $527 million in cash and equity. The company also announced that it would be laying off about 15% of its workforce — that comes out to roughly 314 employees.
Here's what the internal Words With Friends dictionary looks like:It's been a crazy year for game-maker Zynga — it fired 15% of its workforce, and bought U.K.-based game company NaturalMotion in January — but it looks like the company is trying to turn things around.
Networking is an important part of building a business. For first-time founders, who you know is arguably more important than what you build. At least it is if you're looking to get acquired for a few million dollars by a larger company — or "acqui-hired."Josh Miller, 22, dropped out of Princeton to found Branch.
King, the company behind theCandy Crushsagafiled its IPOtoday, but is the makeranother Zynga(Farmville),another Rovio(Angry Birds) or something else again? Nearly 100 million users playCandy Crushevery day, and while the company's titles remain free to play, it depends on virtual goods, additional levels and content purchases to bring in the cash. Selling shares at $22.
On March 26, 2012, a new media startup called Upworthy launched. Now it has 50 million monthly unique readers.Almost all of its readers come from Facebook. The headlines, which Upworthy's editors toil over, leave much to be desired and tug at heart strings.
Gaming giant Zynga has started to accept the cryptocurrency as a payment option for those buying tokens for virtual goods on the web versions of FarmVille 2, CastleVille, ChefVille, CoasterVille, Hidden Chronicles, Hidden Shadows and CityVille. It makes Zynga the first major gaming company to accept Bitcoin. Zynga posted the news first on Reddit rather than release an official announcement.
Zynga broke a lot of hearts when it announced it would be shutting down YoVille , a virtual world online game that’s been running since 2008. The game’s players have been building their simulated communities for many years now, but they only have until March to say goodbye. Unless, that is, YoVille’s original creator and his new game studio have their way.
Were the young founders of Snapchat, a mobile-messaging start-up, delusional for turning down a multibillion-dollar buyout offer? Greedy to think they might get more later? Or courageous to chase their dreams?
When Snapchat’s founders rejected the buyout offer, it conjured memories among founders of other start-ups who once faced a similar decision.
Editor’s note: Tadhg Kelly is a veteran game designer and creator of leading game design blog What Games Are and manages developer relations at OUYA. You can follow him on Twitter here . Suppose you have a passion-project game, an interactive story you want to tell or something similar. You want to develop it for iOS.
HELSINKI – In Europe’s crowded technology scene, cities are eager to differentiate themselves from local rivals.
London has its connections with global finance. Berlin has a thriving local arts and music community. And Helsinki has its wintry weather.
Zynga has long been famous (or infamous?) for its data-driven approach to game design. The company never focused on building strong character IP, or intellectual property, in favor of releasing games that had been thoroughly funnel-tested. But now that founding CEO Mark Pincus has stepped aside and let Xbox executive Don Mattrick take the reins, perhaps the company is going in a totally new direction.
Online gaming company Zynga announced it has begun testing accepting payments in Bitcoin for seven of its games. The announcement has caused Bitcoin prices to surge back to $1,000 on the Mt. Gox exchange. Zynga made the announcement exclusively on reddit . Bitpay, one of the largest Bitcoin payment processing firms, will handle the transactions.
London-based social fashion platform Motilo ,which offers a home for fashionistas to float their sartorial dilemmas,has taken in another tranche of post-seed funding from private investors. The startup, which was founded in April 2012, secured $3.3 million during 2013, and has now topped that up to $5.8 million with another $2.5 million from the same group of private, U.K.-based investors — to splurge on expansion and marketing.
If you were worried about the consolidation of ISPs, telcos, and media companies, this should make you uncomfortable: Charter Communications has bid a massive$61.3 billion for Time Warner Cable. According to Bloomberg , this would be the third-largest deal since 2009. The total buyout would consist of$83 in cash for each Time Warner Cable share, and $49.
Successful tech entrepreneurs eventually face a choice, known in Silicon Valley as an exit: either sell their start-ups to bigger companies or take them public. As we wrote on Monday , that decision can be painful and personal. And like Snapchat’s rejection of Facebook’s billion-dollar offer, it is often a high-stakes bet.