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Posts tagged acquisition

Lauder's purchase of OnLive totaled just $4.8 million

When venture capitalist group Lauder Partners, LLC purchased and reformed OnLive back in August, it did so for $4.8 million, according to a letter to OnLive's creditors obtained by Polygon and the San Jose Mercury News. The company's blue-light special asking price was due in part to its $18.7...

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Source: OnLive losing 'at least 50 percent of staff,' bought out by unknown third party

OnLive let go "at least 50 percent" of its staff today, Engadget learned, and the company was purchased by an unknown third party. A former employee confirmed layoff reports that popped up earlier this afternoon and recounted the events that led to today's firings. A meeting held this morning by...

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MechWarrior Tactics developer snags social studio

Roadhouse Interactive, developers of MechWarrior Tactics, recently announced the acquisition of social game developer Embassy Interactive in a press release. Now known as Roadhouse Game Studios, the newly-obtained Vancouver team "will focus on new product development for Facebook, smartphones and...

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Zynga expects to acquire more companies to rival OMGPop deal

When some people are rejected they use it as motivation to improve their own lives: start working out, eat healthier, study harder, create something beautiful. Other people take it personally and start manically hitting on anything in a 50-mile radius to prove that one person was so terribly wrong....

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Mojang acquires Minecraft mod makers, will make mods official

The four main developers behind Bukkit, a popular set of unofficial modifications for Minecraft servers, have been hired on by Mojang, makers of the uber popular block-world simulator. Mojang says Warren Loo, Erik Broes, Nathan Adams and Nathan Gilbert will join the company to update Bukkit and...

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Tecmo purchasing Atelier developer Gust

In a move that we're almost certain won't add a third name to its post-merger designation, Tecmo Koei is acquiring Gust Corporation, developer of the Atelier and Ar Tonelico RPG series. Tecmo is purchasing all 495 shares of the developer for ¥22 billion ($28.3 million). We're surprised at...

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Microsoft acquires VideoSurf to 'enhance video discovery capabilities' for Xbox Live

Though Microsoft's still mysterious Dashboard update is due to arrive in just under two weeks' time, on December 6, Big Redmond isn't resting on its money-covered laurels just yet. The company announced this week the acquisition of "video discovery technology company" VideoSurf. What the...

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Sega snaps up Spiral Knights dev Three Rings

If you've played ... well, any Sega games, you're probably aware of the company's unhealthy fixation on rings. Sonic can't get enough of the things. Ecco the Dolphin will defy the laws of gravity to pierce them. Today, the publisher further developed its addiction: Sega has announced via a press...

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Sony snaps up the rest of Ericsson -- so long, feature phones

If you've been waiting for the latest and greatest Walkman phone from Sony Ericsson, we've got some bad news. Sony has announced that it plans to buy out Ericsson's 50 percent share in the two companies' joint venture –-- at a cool €1.05 billion ($1.47 billion). The goal of the...

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Microsoft buys indie developer Twisted Pixel

After developing games exclusively for Xbox 360 and PC, it's fair to say that indie dev Twisted Pixel has been going steady with Microsoft. Today, the two have finally tied the knot as the Redmond corporation announced that it has purchased the Austin studio. That may be terrifying news for...

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