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August 11, 2006
Frogster Moves Into MMORGs With Two Acquisitions
Frogster, the German games publisher and distributor that had a mini-IPO in February, has taken stakes in two German startups to push itself into the massive multiplayer online role-playing gaming market.
In recent weeks it acquired a 50 percent stake in OnlineWelten, a MMORG news and reviews portal. It also took a 44 percent stake in Yusho AG, runs a payment and management platform for role-playing games and esports for its own games, and is also a distributor of MMORGs.
It says it is counting on players to spend "up to 40 hours" a week (!) in virtual worlds and the increasing willingness of gamers to pay for virtual goods and services.
Operational for a little over a year, Frogster raised €4M on the Entry Standard, the German junior stock exchange, earlier this year, has a market cap of €12.5M, and was profitable last year on €4.2M in turnover. It also owns a stake in OnlineEmbassy.
Posted on August 11, 2006 02:08 PM | Posted to Games (PC and other) | Permalink
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