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Posts tagged investment

British Telecom says it's 'highly likely' to write off OnLive stake

British Telecom has reported that it is "highly likely" to simply write off the 2.6 percent stake it invested in the recently rebooted cloud computing service, OnLive. The issue isn't yet settled, but a BT spokesperson told TechRadar that "the 2.6 percent shareholding in OnLive does not represent a...

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EA spending $80 million on next-gen development over next year

According to EA's results for fiscal 2012, the period from April 1, 2011 through March 31, 2012, it's been a good year. The publisher saw growth across many sectors, but perhaps most surprising was talk of investing $80 million in development of games for "Gen4 console systems" over the next 12...

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Ubisoft planning to expand Toronto studio to 800 employees within 10 years

Ubisoft Montreal, as we've reported before, is a huge video game outfit with a large team of developers coordinating multiple projects at a time, across up to six different studios. Ubisoft wants to repeat that structure in its new Toronto studio, according to the Financial Post. The French company...

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Dear Esther turned a profit in just 5 hours, 30 minutes

Last year Indie Fund voted to support Dear Esther, a rebuild of the popular Half-Life 2 mod, and it gave developer thechineseroom $55,000 in one lump sum. Indie Fund had its reservations: In an email to thechineseroom's Dan Pinchbeck before handing over the money, Indie Fund said the Steam audience...

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Zynga valuations place company at nearly $10 billion

Earlier this week, casual gaming juggernaut Zynga received yet another outside investment of an undisclosed sum of money. A number of news outlets speculated on the aforementioned sum and what it's done to the company's bottom line -- for instance, the Wall Street Journal (via Develop) reported...

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HTC investing $40M in OnLive for smartphone gaming

"Yes, OnLive works on cell phones, too," the company's enterprising CEO Steve Perlman assured us all ... fifteen months ago. Did you forget? 'Cause HTC sure didn't. The smartphone manufacturing giant has unannounced plans to buy 5.3 million OnLive shares at $7.50 each -- that's about a $40 million...

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Mediatonic investing 300K Euros in new Housemarque game

Housemarque's still celebrating in the afterglow of its recently released, well-received PSN title Dead Nation -- but the Finnish developer isn't resting on its zombified laurels. The studio has secured a €300 thousand investment from fellow Finnish company Mediatonic. According to Arctic...

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Gaikai up to $15 million in capital with second round of funding

Tired of what we silly game journalists have to say about the upcoming Gaikai game streaming service and thirsting for comments from the venture's latest investment partners? We were too! Thankfully this morning's announcement that several investment groups will be adding another $10 million to the...

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Singapore injecting $14 million investment into games development

[Image credit: WilliamCho] The Media Development Authority (MDA) of Singapore plans to invest $14.6 million in the country's video game industry. IndustryGamers notes that the money will be granted over three years to the GAME+ Program, an initiative that plans to "address the needs of the entire...

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Reliance Big Entertainment acquires 50% stake in Codemasters

Reliance Big Entertainment -- a subsidiary of Reliance Anil Dhirubhai Ambani Group -- is a pretty big deal in India, handling a variety of different media and entertainment businesses in the region, including movies, sports, music, internet and video games. That last item is what's most important to...

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