Corporate/Investment Archives - Page 3 of 16

Star Citizen at $55 Million in Funding

October 1, 2014

OCT. 1, 2014 • Cloud Imperium Games Corp. reports that it has topped the $55 million mark in crowdfunding for its PC space sim, Star Citizen. That makes this the best-funded game using that investment model and the title remains the most funded project of any kind, accordi.....

Mojang Purchased by Microsoft For $2.5 Billion

September 15, 2014December 15, 2022

SEPT. 15, 2014 • Following two weeks of leaked accounts that Minecraft studio Mojang AB was in negotiations to be acquired by Microsoft Corp., both parties announced that the developer will be purchased for $2.5 billion. The deal is set to close by the end of 2014. Mojang and its gam.....

GameFly Unloads Direct2Drive

August 25, 2014

AUG. 25, 2014 • Three years after digital distributor Direct2Drive was acquired from News Corp by GameFly, Inc., the service has been sold to Taipei-based AtGames Digital Media Inc. Terms of the acquisition were not publicly disclosed. GameFly announced the agreement on its website via a note to its customers stating the game retailer will continue to operate the digital download business for AtGames until later this year, or until AtGames is ready to manage the.....

Digital Extremes Targeted For Acquisition

July 8, 2014

JULY 8, 2014 • In a disclosure with the Hong Kong Stock Exchange, Sumpo Food Holdings Ltd. has outlined its intent to partner with Perfect Online Holding Ltd. to acquire Ontario, Canada-based developer Digital Extremes Ltd. The Chinese firms have entered into a non-binding term sheet with the studio under which Digital Extremes agrees not to seek other buyout offers for 40 days without permission while a due diligence investigation is undertaken. No financial te.....

Nintendo Taiwan Office is Closed

April 23, 2014December 15, 2022

APRIL 22, 2014 • After 23 years in operation Nintendo is closing down its Taiwan branch on May 31. Most employees of Nintendo Taiwan (Nintendo Phuten Co., Ltd.) in Taipei will exit the office by the end of April, however. Responsibility for the Taiwan market will be assumed by Nintendo’s Hong Kong branch. Nintendo says there will be no retrenchment from the Taiwan market with agents, dealers and service system in the country remaining unchanged after the s.....

Vietnam’s Appota to Go Global

April 15, 2014

APRIL 15, 2014 • Vietnam’s Appota Corp, the mobile content platform that launched during 2011, has sealed an undisclosed amount of Series B funding to increase its R&D to support off-shore expansion. Two funders, one in Singapore and one in Japan, provided the .....

New Xbox Head Phil Spencer

April 1, 2014

APRIL 1, 2014 • As part of an executive suite reshuffling at Microsoft Corp. new chief executive Satya Nadella has promoted Microsoft Studios Xbox head Phil Spencer to lead the entire Xbox operation. The appointment also represents a restructuring within the unit with Spencer in charge of the Xbox Platform team, Microsoft Studios, Xbox Live, Xbox Video, and Xbox Music. Spencer will report to Microsoft executive VP of operating systems Terry Myerson. Appointed as.....

Tencent Takes CJ Games Stake

March 28, 2014February 16, 2023

MARCH 28, 2014 • Tencent Holdings Ltd. continued its investment in significant game companies taking a 28% stake in South Korea’s CJ Games Corp for $500 million. The latter is one of the largest mobile game publishers in Korea and is a subsidiary of the huge CJ Group Pte. Ltd. Tencent now becomes the third-largest shareholder in CJ Games. In conjunction with the Tencent partnership CJ Games will restructure its operations including the acquisition and merg.....