Tag Archives: investment

Cheats Unlimited up for sale

A collection of gaming websites including CheatsUnlimited.com are going under the hammer. Cheats Unlimited has been running for 12 years and is best known for its CheatMistress ads in specialist gaming magazines. It offers free news and reviews alongside paid-for tips and guides. It is part of the Ice Games …

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Kinect tech firm gets $50m

Up-and-coming Israeli firm PrimeSense has received $50 milling in funding. The company created some of the technology behind Kinect, as well as other devices that scan users and react to their gestures. The funding came from US private equity firm Silver Lake, as well as PrimeSense’s existing investors: venture capital …

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Channel 4 cuts digital investment arm

Channel 4’s new chief executive David Abraham is to scrap 4IP, the broadcaster’s ₤20 million digital investment arm. Connected divisions within Channel 4 are also to merge as part of a wide-ranging restructure operation. Redundancies are possible though, at this stage, have not been implemented. The full impact of 4IP’s …

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GaBoom impresses on Dragons Den

New video games trade-in site GaBoom enjoyed a welcome piece of mainstream TV coverage last night when founder Jess Ratcliffe appeared on BBC2 show Dragons’ Den in an effort to secure investment in the website. GaBoom.co.uk first emerged in July. The site offers users the chance to swap their used …

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Now Google targets Ngmoco

Google Ventures, the venture capitalist arm of the internet company, has reportedly invested between $3-5m in successful iPhone games developer Ngmoco. Already this month Google has been linked with two possible games acquisitions – the first a $182 deal for developer Slide and the second a rumoured buyout of in-app …

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Zattikka raises $5.5m in funding

Online and mobile games firm Zattikka has raised $5.5 million in funding through its parent company Expedite 5. Led by Notion Capital and a group of private individuals including Harald Ludwig, co-chair of Lionsgate Entertainment, the investment will be used to bolster Zattikka’s efforts with regard to recruitment, R&D and …

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Eutechnyx secures £6m investment

Eutechnyx has secured a 6m ($9.25) investment from Amsterdam-based veture capital firm Prime Technology Ventures. Eutechnyx has said that the investment will help to finalize the development of a ground-breaking new title set to revolutionize the racing genre.” The firm also aim to use the money to develop their free-to-play …

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The Hut secures £14m investment

The Hut Group has secured 14 million in investment, the firm has announced. The money will be used to fund acquisitions and help the online retailer recruit between 100-150 new members of staff. The fundraising was completed by a selection of blue-chip investors including VC firm Balderton Capital – which …

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MW2 DLC is worth the investment

Coming in at the higher end of Xbox Live’s pricing range, the 1200 Microsoft Points – or just over 10 – that Activision is asking for the upcoming Call of Duty: Modern Warfare 2 DLC has certainly raised a few eyebrows. But Infinity Ward’s creative strategist Robert Bowling has insisted …

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