Acquisitions | Engage Digital

MindJolt Acquires SGN, Hallpass

By On April 22, 2011 · Leave a Comment

Social gaming firm MindJolt has acquired mobile social developer SGN and online game portal Hallpass Media, each for an undisclosed sum. The acquisition effectively doubles MindJolt’s headcount to 80, gives it four million new users, and adds over 1500 new games to its network. MindJolt strengthens its mobile presence through SGN, whose apps like MiniTycoon [...]

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GREE Acquires OpenFeint For $104M

By On April 22, 2011 · Leave a Comment

Japanese mobile social network GREE has acquired American smartphone mobile social gaming network OpenFeint for $104 million, as part of a process called a triangular merger. GREE says it is Japan’s leading mobile social network with over 25 million users and a market cap of over $3 billion. OpenFeint likewise says it is the largest [...]

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Joymax Acquires IO Entertainment

By On March 24, 2011 · 1 Comment

Korean MMO developer Joymax has acquired rival developer IO Entertainment, creator of MMOs including Lost Saga and Survival Project. This acquisition comes roughly a month after Joymax’s merger with WeMade, creator of the Legend of Mir MMO series. IO Entertainment was founded in 2001 and specializes in games with action-oriented gameplay. IO’s Lost Saga is [...]

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Visa Acquires PlaySpan For $190M

By On February 9, 2011 · 1 Comment

Credit card giant Visa has acquired the online payment services provider PlaySpan for $190 million in cash, with additional payouts possible if PlaySpan hits certain performance milestones in the future. Visa plans to use PlaySpan to help capitalize on the growing digital goods business, which generated $25 billion in consumer spending last year and is [...]

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Meebo Acquires Mindset Media

By On February 8, 2011 · Leave a Comment

Meebo has acquired “psychographic targeting” firm Mindset Media for an undisclosed sum. Psychographic targeting is a form of user profiling that takes factors like a user’s age, gender, and known preferences into account when targeting ads. Meebo hopes to use the Mindset Media acquisition to enhance the ad-driven part of its business. Twelve of Mindset [...]

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MocoSpace Looking To Acquire MySpace

By On February 4, 2011 · 1 Comment

Mobile social network MocoSpace has approached News Corp about acquiring its troubled social network MySpace. While MySpace’s overall traffic has declined throughout 2010, the network does have a large base of mobile suers. News Corp wants to sell MySpace for $50 to $200 million dollars, while MocoSpace’s last round of funding was $6.5 million from [...]

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Quepasa Acquires Social Dev XtFt For $4M

By On February 1, 2011 · 2 Comments

Latino social network Quepasa has acquired Brazilian developer XtFt Games, owner of the social game developer TechFront, for $4 million dollars. The consideration will include $3.7 million in shares of Quepasa common stock and a $300,000 brokerage fee. TechFront was founded in 2006 and initially developed games for consoles, Web, and mobile. TechFront began developing [...]

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