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Game Publisher SouthPeak Secures $10 Million Credit Line

Midlothian, Va. - Video game publisher SouthPeak Interactive has secured a new $10 million line of credit with financial services firm Rosenthal & Rosenthal. The line, which...

GE/NBC Universal's Peacock Equity Backs Voice Chat Firm Vivox

New York - Vivox, a provider of voice chat services used in online games and virtual worlds, on Tuesday said it has received a $2...

Playdom Acquires Social Games Studio Metaplace

Mountain View, Calif. - Social games publisher Playdom has acquired Metaplace, a virtual world game engine development studio. Financial terms of the deal were not disclosed. Founded...

MTV Networks Acquires Game Developer Social Express

New York - Viacom's (NYSE: VIA) MTV Networks has acquired Social Express, a developer of social games, for an undisclosed sum, VentureBeat reported. The San Francisco-based studio was...

China's The9 Invests in Mobile Games Firm Aurora Feint

Shanghai - Chinese online game operator The9 Limited (NASD: NCTY) announced on Thursday that it has made a minority equity investment in Aurora Feint, a mobile game...

Report: Xbox Live Media Sales Topping Subscription Sales

New York - Based on comments from Xbox chief operating officer Dennis Durkin, BusinessWeek estimates that Microsoft (NASD: MSFT) likely passed $1 billion in sales from its...

Mobile Games Publisher Glu Raises $13.5 Million

San Mateo, Calif. - Mobile games publisher Glu Mobile announced on Wednesday that it has raised $13.5 million through a private placement of its shares with...

Google to Help Web Browsers Determine Device Orientation

San Francisco - Google is working to add the ability for Web browsers to determine at which orientation a computing device is being held, for use...

Report: U.S. Game Sales Down 5% in May to $823.5 Million

Port Washington, N.Y. - Although the industry recorded its third best-selling month of May on record, revenue was down 5% to $823.5 million, from the $865.7...

Disney Acquires "Tap Tap Revenge" iPhone Game Developer

Palo Alto, Calif. - Disney (NYSE: DIS) has acquired iPhone mobile game developer Tapulous, creators of the "Tap Tap Revenge" music game, TechCrunch reported. Financial details of the...