Games/Entertainment

Chukong raises USD50 million in Series D funding, denies IPO rumors

A total of USD50 million in investment funding was received by mobile game developer Chukong Technologies from backers including GGV capital and Sequoia Capital.

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Angel investor and co-founder Waldron leaves Zynga

Zynga co-founder Justin Waldron announced his departure via a Facebook post.

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Applift raises USD7 million in funding, hires Rocket Internet executives

According to a report by Techcrunch, Prime Ventures provided a capital infusion of USD7 million to mobile games marketing platform AppLift.

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Line IPO may value company at USD28 billion - report

South Korean communication app maker Line would stand to be valued at USD8 billion should it go public, according to information technology news site The Next Web.

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Vivendi to buy US debt after Activision sale

Vivendi, a French mass media company, said it would acquire USD2.7 billion of its U.S. dollar-denominated debt after it received payment for its stake sale in Activision Blizzard.

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Softbank-GungHo OnLine consortium acquires 51% stake in Supercell for USD1.53 billion

Japanese firms Softbank Corp and games developer GungHo OnLine Entertainment had purchased a controlling stake in Supercell for USD1.53 billion.

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Private equity groups eye purchase of theater group Ambassador- report

The Telegraph reported that several private equity groups were invited to bid for a controlling stake of Ambassador.

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Activision regains majority after Vivendi stake buyout

Activision regains independence after it bought back shares from Vivendi SA.

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NY City Opera open for merger - company lawyer

New York City Opera Kenneth Rosen had indicated in a court hearing that the American opera company would be open to a merger.

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SFX share price drops after USD260 million IPO

Shares of SFX Entertainment Inc dropped 2.6% in early trading post-IPO.

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Microsoft-Nokia consolidation not appealing to app makers

Microsoft Corp, fresh from its buyout agreement with Nokia Oyj, would need to convince app makers to partner with them in order to regain market share in the smartphone market.

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Disney halts stock certificate issuance to fans

Bloomberg reported that Walt Disney Co had planned to stop the issuance of stock certificates in its physical form and issue them in digital form instead.

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Rivals Com2us, Gamevil consolidates in a USD65 million deal

A Techcrunch report talked about the necessity of top mobile gaming companies and rivals Gamevil and Com2uS consolidating into one gaming empire.

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TV ad compares Boehner to a baby throwing tantrums

Representative John Boehner was compared to a tantrum-throwing baby in a television commercial set to go live on Sunday night football.

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