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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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