Peak Games Raises $11.5 Million for Social Games in Emerging Markets

Istanbul’s Peak Games has raised $11.5 million more in capital to continue to build social games targeting emerging markets, such as Turkey, the Middle East, South America and Mexico. Investors in the round include Earlybird Venture Capital and Hummingbird Ventures. The capital will be used to enter new markets, for game studio acquisitions — including the recent purchases of Umaykut and Erlikhan — and to hire more employees.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald