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King.com Acquisition of Fabrication Games

03/13/2012 :  SWEDISH SOCIAL GAMING FIRM BUYS ONLINE GAMES DEVELOPER
 
Acquisition of Fabrication Games part of King.com's push into mobile
 
The convergence of mobile gaming and social networking resulted in another commercial deal this week when Swedish gaming firm King.com announced its lock-stock-and- barrel acquisition of Stockholm-based games developer, Fabrication Games.
 
The terms of the deal were not disclosed, but it is understood that Fabrication's 12 technical employees (the company was founded by Jadestone Mobile and then spun off) will go over to the King staff roster.
 
Reporting on the agreement, Techcrunch observed that King.com is following a slew of other casual and social gaming companies interested in the mobile sector, and the Fabrication acquisition should boost its ability build new titles quickly for iOS and Android systems.
 
Companies like Zynga, Crowdstar, OMGPOP and Funzio have all found some success in crossing over to iOS and Android from Facebook in the last year.
 
King.com is popular on Facebook with its hit Bubble Witch Saga, which has 16.7 million monthly active users, according to tracking service AppData.
 
After running a destination site for years, the company made a serious push onto Facebook last year, and it is now the fourth largest game developer on Facebook after Zynga, Berlin-based Wooga and EA in terms of monthly active users.
 
Techcrunch reports that King.com is looking at a potential initial public offering next year on the NASDAQ. The company last raised funding seven years ago with a $43 million round from Apax Partners and Index Ventures.



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NHL Odds: Lone Canadian Team Plays on Friday - “Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.

NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

4 New Microgaming Releases in May 2017 - Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.

PKR Company Statement Update - Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.

Microgaming Wins The Spark Award 2017 - The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.

NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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