Posts tagged money 
Facebook seeking $5 billion in IPO fundraising
Whoever said money can't buy friends? It certainly wasn't Facebook co-founder and CEO Mark Zuckerberg, whose company today filed for its initial public offering with the United States Securities and Exchange Commission. According to the filing, Facebook seeks to raise $5 billion if and when the ...
Zynga's IPO road show begins, expects to raise $1 billion
Zynga is doing extremely well, especially for a company that started by piggybacking on a social-networking site, Facebook, and making games about farming. Zynga is in the process of launching its IPO, and while it won't be worth as much as initially expected this summer -- dropping from an ...
Valve has no idea why almost 30 percent of TF2 players spend cash in the game
"We don't understand what's going on," said Valve co-founder Gabe Newell, during last week's WTIA TechNW panel in Seattle. According to Newell, 20 to 30 percent of the people who play Team Fortress 2 end up spending money on the title's various microtransactions, far beyond the average two to ...
Escalation marks GameStop's biggest DLC launch in record first quarter
The recent Call of Duty: Black Ops "Escalation" DLC has taken the crown at GameStop as its largest DLC launch ever, according to the company's latest earnings call. The map pack sold 50,000 copies as pre-orders and 200,000 in store during the first week of availability. Digital sales in general ...
Game developer salaries in 2010 tracked, fills us once more with regret
The Game Developer Research group, somehow sensing that we were having a pretty good day, decided to release a portion of its 10th annual, always soul-crushing Game Developer Salary Survey. The information, according to Gamasutra, is fairly optimistic: Traditional mainstream developers are ...
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 ...
Riot Games confirms Tencent majority buyout
Riot Games has confirmed that a majority of the company was bought by China's Tencent, putting its stamp of approval on rumors of the deal last week. Brandon Beck, Riot's CEO, is quoted as saying that "Tencent's investment will provide our talented team of designers, developers and community staff ...
Infinity Ward holdouts to receive extra helping of bonuses, says Activision's Amrich
Activision's newly hired community man Dan Amrich took to a Facebook forum recently to spell out the bonus situation for the remaining employees at troubled Modern Warfare 2 developer Infinity Ward. Develop spotted Amrich's information-laden responses, which echo and expand on claims made by ...
Penny Arcade Scholarship now accepting applications
Wondering what it feels like to be on the receiving end of the benevolence frequently exhibited by the creators of Penny Arcade? If you're a college student with starry-eyed ambitions to change the video game industry for the better, you might be able to bask in the warm light of their generosity ...
Survey determines average U.S. game developer income
[Flickr user AMagill] The results of Game Developer Research's ninth annual Game Developer Salary Survey recently surfaced, giving us our yearly reminder that we're totally on the wrong side of this industry. According to the survey, the average "American mainstream videogame industry salary" is ...
