Games/Entertainment

Colorado-based startup TeamSnap scores $7.5M in Series B round for to develop app to manage the schedule of sports teams

Boulder, Colorado-based startup TeamSnap scored $7.5 million in a Series B funding round to develop its app that helps sports coaches and league officials manage the schedule of their sports teams.

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San Francisco's FarFaria raises $3.25M in Series A funding for children's iPad book service

San Francisco, US-based reading app FarFaria raised $3.25 million in a Series A funding round led by Inventus Capital Partners to launch a children's subscription book service for the iPad.

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American digital media firm SpinMedia acquires itself, nabs $10M in funding

Hollywood, US-based digital media firm SpinMedia Group acquired SpinMedia LLC for an undisclosed amount, and poured in $10 million in funding to deal with the company's debts.

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USA Hockey team uses video game Intelligym to train for Olympics

USA Hockey uses Intelligym, a game-like program that helps improve mental performance and team work, to train the U17 and U18 teams for the 2014 Sochi Winter Olympics.

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California-based startup Sqor raising $13M for sports-centered social networking platform

San Francisco, US-based sports-centered social networking platform Sqor raised over $4.4 million out of the targeted $13 million funding round ahead of a major platform update set to take place in February.

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Total Gaming Technologies Inc, buys into parent firm Pacific Online- a Philippine lotto operator

Total Gaming Technologies Inc (TGTI), a subsidiary of Philippine-based lotto operator Pacific Online Systems Corp (LOTO) purchased 1,544,700 common shares of its parent firm for PHP23.29 million for investment purposes.

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Facebook competes with Twitter for Super Bowl 'second screen' crown

Facebook is looking to steal the "second screen" crown from Twitter as the two social giant networks scramble to offer the best coverage of the National Football League (NFL) teams' clashes in the Super Bowl XLVIII.

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Singapore launches program to fund startups expanding into Indonesia

The Singaporean government launched iSTART, a financing program designed to fund the expansion of local telecommunication and mobile app startups into Indonesia, which could potentially be an avenue for growth for the Singaporean and IT industry.

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California tech firm Tango crowdfunds smartphone-sized portable PC

California, US-based tech firm Tango launched a crowdfunding project on Indiegogo for its new portable computer, which is just the size of a smartphone and the capacity of a full quad-core Windows PC.

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Vietnamese mobile game Flappy Bird hits top spot on app stores

Flappy Bird, a mobile game created by Hanoi-Vietnam-based developer Dong Nguyen of dotGears Studios, hit the top spot of free mobile apps in the Google Play and iOS app stores, mainly because it is very challenging and frustrating.

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California-based startup YouBetMe launches app that helps keep track of casual bets

San Francisco, California-bases mobile betting startup YouBetMe is launching an app that helps keep track of casual bets, and is planning to raise Series A funding in the near future.

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TiVo to add North Carolina pay-TV service Digitalsmiths

San Jose, California-based digital video recording (DVR) company TiVo announced that it will add Durham, North Carolina-based cloud-based content discovery service Digitalsmiths for an undisclosed amount.

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US social games maker Zynga lays off 314 employees

San Francisco, California-based social games services provider Zynga Inc is laying off around 314 employees, or 15% of its workforce, as part of a cost reduction strategy to generate between $33 million to $35 million in savings for 2014.

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Blockbuster continues to remain an upscale chain in Mexico with $31M sale- report

The $31 million deal between Dish Network Corp and Grupo Elektra for the sale of Blockbuster Mexico allows the video rental service to continue to live on as an upscale chain in Mexico, Bloomberg reported.

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Nintendo Co to consider new businesses after consumers snub Wii U console

After consumers gave its Wii U console the brush off, Nintendo Co is considering other businesses such as its healthcare-related entertainment business while not losing its focus on hardware and software, Bloomberg reported.

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