Eric Johnson

Recent Posts by Eric Johnson

Secondary Offering Values Privately Held Kabam at $700 Million

An mix of unnamed old and new investors has pinned games company Kabam’s value at $700 million in a $38.5 million secondary offering for current and former employees’ shares. The privately held company is best known for massively multiplayer free-to-play online titles like Kingdoms of Camelot. “None of the new investment is going to Kabam,” CEO Kevin Chou was quoted as saying in a press release. “It’s all going to employees who wish to sell their shares, and it’s of course a voluntary program.” Kabam is profitable, and claims to have $50 million cash in its war chest.


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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