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hi5 Acquires Social Gaming Company Big Six

techcrunch

hi5, one of the world’s most popular social networks, has been actively remodeling its site to cater to the gaming industry. Last fall, the social network launched a totally revamped site that places a much stronger emphasis on games and virtual currency, along with a new avatar system. Today, the company is furthering this

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[ More ] February 25th, 2010 | No Comments | Posted in Technology News |

Not Playing Around. EA Buys Playfish For $300 Million, Plus a $100 Million Earnout.

Tech Crunch

After lengthy negotiations, Electronic Arts closed it’s anticipated acquisition of social gaming startup Playfish for $275 million in cash…..

Social games are increasingly popular and Electronic Arts needed to buy one of the top players: Zynga, Playfish, or Playdom. The issue is that all three make their money from trading in-game virtual currency for advertising offers. Many

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[ More ] November 9th, 2009 | 2 Comments | Posted in Technology News |

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