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October 25, 2006
French VC-Backed Boonty Acquires China's Gamehub
Five year old Boonty (www.boonty.net), an online casual games distributor, said it acquired Beijing-based Gamehub, a one year old multiplayer casual digital game title developer and publisher. Financial details of the acquisition were not disclosed.
Boonty was founded in France but has its legal HQ in New York. It is backed by syndicate of French VCs and raised $10M a few months ago. It operates in the US, European, and Asian market and makes it money by leveraging the popularity of its games by selling advertising. It also runs a micro-transaction platform selling personalized avatars or game play items.
Read -Boonty Accelerates Social Casual Games Strategy with Acquisition of Gamehub (press rel.)
Read - Boonty Profile circa August 2005 ( the a:c)
Posted on October 25, 2006 08:58 AM | Posted to Games (PC and other) | News And Updates | Permalink
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