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Online Game Developer Tiny Speck Lands $5 Million

San Francisco - Tiny Speck, an online game development studio founded by Flickr co-founder Stewart Butterfield, has raised $5 million in its first round of funding, GigaOM...

Social Network hi5 Raises $23 Million

*Update: The company tells DMW that it has not raised $23 million in new financing, and that the filings mentioned in the linked article...

Social Games Developer Hangout Industries Gets $2 Million

Boston - Hangout Industries, a Boston-based developer of online social gaming services for children, has raised $2 million in venture debt, according to a new filing by...

Playdom Acquires Argentine Game Developer Three Melons

Mountain View, Calif. - Playdom, a developer of social games for Facebook and MySpace, said on Wednesday that it has acquired Argentina-based online game developer Three Melons. ...

Sony to Nix Linux Installation Option on PlayStation 3

Tokyo - Sony (NYSE:  SNE) plans to disable the ability for its PlayStation 3 game console to run Linux or other operating systems in a firmware...

Chinese Online Games Firm Perfect World Buys C&C Media

Beijing - Perfect World (NASD: PWRD), a Chinese developer and operator of online games, announced on Friday that it will acquire Japanese online game operator C&C Media...

Secret Builders Gets $2.3 Million for Educational Virtual World

San Mateo, Calif. - Secret Builders, the developer of an online virtual world with educational games, has raised $2.3 million in new funding, VentureBeat reported. Backers include The...

Netflix Shipping Instant Streaming Discs to Wii Owners

Los Gatos, Calif. - Online DVD service Netflix (NASD: NFLX) on Thursday began shipping discs to subscribers that will allow them to access its instant streaming video content...

Picklive Nabs Funding for Online Fantasy Soccer Game

Palo Alto, Calif. - Picklive, the operator of an online fantasy soccer game, has raised an undisclosed amount of seed funding led by Last.fm backer Stefan Glaenzer,...

Avatar Reality Gets $4.2M for Blue Mars Virtual World Platform

Honolulu - Avatar Reality, the developer of the massively multiplayer online virtual world platform Blue Mars, announced on Thursday that it has raised $4.2 million in new...