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.
King.com, the maker of mobile game Candy Crush Saga, has filed for a "secret" IPO in the U.S., according to The TelegraphThe public offering of stock promises to be the biggest casual game company deal since EA bought PopCap in 2011 for $1.3 billion.Few financial details are available, but it was turning over around £300m at the start of this year and has grown rapidly since then.
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.
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.
One of the largest outside shareholders in Twitter is Spark Capital. That's because Bijan Sabet, the firm's General Partner, led its initial Twitter investment in 2008 back when Jack Dorsey was CEO.Sabet also led investments in Tumblr, which sold to Yahoo for $1 billion and OMGPOP, which was acquired by Zynga for ~ $200 million.
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.
In this week’s episode of Ask A VC, Spark Capital founder and general partner Bijan Sabet joined us in the studio to talk about investment syndicates and much more.Sabet was one of the early backers of Twitter (which just filed its S-1 with the SEC for a public offering yesterday) in 2008 and served on the company’s board from 2008 to 2011.
Sometime in the next several weeks or months, Twitter is going to go public. Before that happens,Twitter will publish, in a series of public SEC filings, in-depth information about its business.All this information will help investors figure out whether or not Twitter is a healthy company worth investing in. We'll learn how much money it brings it, how it spends its money, and how much it is profiting, if it at all. We'll learn if those numbers are shrinking or growing, and how fast.