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China's Perfect World Acquires Cryptic Studios for $50 Million
Beijing - Chinese multiplayer game publisher Perfect World announced on Tuesday that it will acquire Atari's Cryptic Studios for about $50 million.
Cryptic Studios has...
Sony to Restore PlayStation Network, Other Services This Week
Tokyo - Sony (NYSE: SNE) said on Monday that it plans to restore all PlayStation Network services in the Americas, Europe and Asia -- excluding...
European Social Games Studio wooga Raises $24 Million
Berlin - European online social games developer wooga announced on Tuesday that it has raised $24 million in its second round of venture capital...
Kabam Secures $85 Million for "Hardcore" Social Games
Redwood City, Calif. - In one of the largest-ever funding rounds for a gaming company, Kabam, a publisher of massively multiplayer social games, said...
Hedgefund Star: Microsoft's Ballmer Needs To Go
New York - Influential hedge fund manager David Einhorn calls for Microsoft Corp CEO Steve Ballmer to step down, saying the software...
GameFly Acquires Direct2Drive From News Corp.'s IGN
Los Angeles - Video game rental service GameFly announced on Wednesday that it has acquired Direct2Drive.com, a digital game distribution service, from News Corp.'s...
Finnish Game Developer Supercell Scores $12 Million
Helsinki - Finnish game developer Supercell announced on Wednesday that it has closed a $12 million investment, led by Accel Partners.
Other investors included previous...
Peak Gets $5 Million for Social Games for Emerging Markets
Berlin - Peak Games, a publisher of social games in emerging markets, said on Wednesday that it has secured $5 million in its first...
TinyCo Launches $5 Million TinyFund for Mobile Game Developers
San Francisco - Mobile game developer TinyCo on Wednesday announced the launch of TinyFund, a $5 million fund that will provide mobile game developers...
Broken Switch Studios Lands Funding, Releases Game
Riverdale, Md. - Video game developer Broken Switch Studios said on Wednesday it has raised an unspecified amount of funding from Stanford Venture Advisors.
The...
