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Barry
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About Barry
Fresh off a $33 million funding round, Playdom is producing its fifth
acquisition from the year these days. The gambling giant is purchasing
interpersonal gambling startup Hive7. Terms from the deal had been not
disclosed.
Hive7, that is backed by Accurate Ventures and was founded in
2005, develops interpersonal games for Facebook and MySpace. The startup is
greatest recognized for its flagship video game, Knighthood, which combines
combat and diplomacy inside a medieval setting. Other titles consist of
Youtopia, Kick-Off, and Sindicate. Hive 7′s developers and team have currently
joined Playdom’s Mountain View offices.
Playdom may be on very a
purchasing spree more than the past couple of months. The organization, which
lately brought over a new CTO, has steadily been expanding its presence on
Facebook and within the interpersonal gambling room, most lately acquiring
MMORPG builder Acclaim Games, Facebook video game builder Offbeat Creations and
builder 3 Melons. Playdom also invested $5 million in Facebook video game
builder MetroGames. And Playdom purchased well-liked branded video game builder
Merscom.
Obviously, the gambling organization may be raising big
quantities of cash to fuel these acquisitions of gambling platforms and talent.
This week, the organization raised $33 million from Disney’s Steamboat Ventures,
Bessemer Venture Partners and New Globe Ventures. And in November, Playdom
raised a massive $43 million at a $260 million valuation. Based on our stats
from November, Playdom has 28 million monthly video game users. 60% of visitors
is from MySpace v. 40% from Facebook. Playdom’s primary competitor is gambling
giant Zynga, that is a leading video game builder on Facebook.
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