31 posts and columns on Kabam
The football field in the University of California at Berkeley’s Memorial Stadium is about to get a new name, according to the San Francisco Chronicle: Kabam Field, named after the social games studio. Kabam doesn’t make any football games, but three of its four co-founders are Berkeley alums. The studio’s biggest hits are MMOs like Dragons of Atlantis and movie tie-in games like Fast & Furious 6: The Game. The re-naming cost $18 million for a 15-year deal.
News ByteKabam’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.
News Bytecore” gaming. The acquisition — Kabam’s sixth gaming studio buy in the past three years — expands Kabam’s company personnel to more than 600, including the 30-plus members of the Exploding Barrel Games staff, which will continue to work out of the Vancouver office. Terms of the deal were not disclosed.
News ByteChartboost, which has developed technology that enables developers to promote each other’s games inside of their apps, has raised $19 million in capital. Sequoia Capital led the round, and existing investors TransLink Capital and SK Telecom Ventures, also participated. The San Francisco company said its platform is now being used by more than 12,000 games from companies like Crowdstar, Gameloft, Kabam, Gree, TinyCo and more.
News Bytehas acquired Balanced Worlds Studios, a Beijing-based company specializing in 3-D social games. Kabam paid an undisclosed amount of cash for the 17-person game studio. The company’s employees will join Kabam’s Beijing games studio, bringing the total number of employees to about 90. Balanced Worlds is headed by game developers from the U.S. and Canada, who moved to China in 2006.