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Watercooler Lands $5.5 Million for Fan Sites, Social Games

Authored by Mark Hefflinger on October 26, 2009 - 6:06am.
Mountain View, Calif. - Watercooler, a developer of fan communities and social games that claims 26 million users, announced on Monday that it has raised $5.5 million in its second round of funding, led by U.K. online gambling firm Betfair.
tags: Games | Deals | Sports | VC | Social Networking | Fantasy Sports | TV | Betfair | Canaan Partners | Watercooler |

Macrovision Sells TV Games Network to Betfair for $50 Million

Authored by Mark Hefflinger on January 28, 2009 - 4:32am.

London - Betfair, a U.K.-based online gambling firm focused on horseracing, has acquired Macrovision's (NASD: MVSN) TV Games Network interactive TV horserace wagering service for $50 million in cash.

tags: Deals | Gambling | TV | Acquisitions | Macrovision | Betfair | Interactive TV | TV Games Network |

Japan's Softbank to Acquire 23% of U.K. Gambling Site Betfair

Authored by Mark Hefflinger on February 28, 2006 - 9:37am.
London - According to a report in the Financial Times, SoftbankCorp., a Japan-based Internet investment company, has agreed to acquire as much as 23% of Sporting Exchange Ltd., the U.K.-based online gambling group that controls Betfair. Although financial terms were not disclosed, the Financial Times said Softbank would pay about $22.80 a share. Sporting Exchange said it would likely release details for the deal, which should be completed by April 3, within the next few days.
tags: Gambling | Japan | Softbank | Betfair | 23%% | Acquire | U.K | Gambling Site |