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Mobile Gaming Network PapayaMobile Lands $4 Million

Beijing - PapayaMobile, a mobile social networking and gaming platform that counts 3.5 million users, has raised $4 million in venture capital funding from DCM. Founded in 2008,...

Report: U.S. 2010 Mobile Virtual Goods Market is $168 Million

Burlingame, Calif. - Americans spent an estimated $168 million on mobile virtual goods in the last year, according to a report from market research firm Frank N....

Microsoft Online Store Prices Kinect Game System at $150

Redmond, Wash. - Microsoft (NASD: MSFT) has listed its recently-unveiled Kinect motion-sensing game controller system -- formerly codenamed Project Natal -- with a $150 price tag on its...

Social Games Publisher Playdom Nabs $33 Million

Mountain View, Calif. - Social games publisher Playdom announced on Tuesday that it has raised $33 million in new venture capital financing. New investors Bessemer Venture Partners,...

Sweepstakes Site Jackpot Rewards Raises $14.1 Million

Newton, Mass. - Jackpot Rewards, the operator of an online sweepstakes service, has raised $14.1 million in venture debt, according to a new filing by the...

Report: Used, Digital Game Sales Near $4.75B in 2009

Port Washington, N.Y. - In addition to the $10.5 billion U.S. consumers spent on new physical video game software in 2009, used game rentals, subscriptions, full...

Social Gaming Network Gets $2 Million for Mobile Games

Palo Alto, Calif. - Social Gaming Network, a publisher of multiplayer mobile games for the iPhone and other platforms, has raised $2 million as part of the...

Overwhelmed AT&T Suspends Pre-Orders for New iPhone 4

Cupertino, Calif. -- Wireless carrier AT&T said that it has suspended pre-orders of Cupertino-based Apple's new iPhone 4, a day after stronger-than-expected demand for the device overwhelmed...

Ubisoft to Release Michael Jackson Dance, Karaoke Game

Los Angeles - French video game publisher Ubisoft has announced plans to publish a title based on the life and performances of Michael Jackson. Currently slated...

Best Buy Launches In-Store Used Video Game Trade-Ins

Minneapolis - Media and electronics retail store chain Best Buy (NYSE: BBY) on Tuesday launched a nationwide trade-in program, where consumers can bring in pre-owned video games and...