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Casual Games Publisher PlayFirst Raises $5 Million

Authored by Mark Hefflinger on January 11, 2006 - 4:15am.
San Francisco - PlayFirst, a publisher of casual games to a network of over 450 gaming and other websites, announced on Wednesday that it has raised $5 million in its second round of venture capital financing. Rustic Canyon Partners led the investment round; previous investors Mayfield Venture Partners and Trinity Ventures also participated. San Francisco-based PlayFirst provides independent casual game developers with funding to create titles, which the company then distributes across multiple platforms to portals, retail outlets and other destinations. The funds will be used to expand PlayFirst's roster of games, to rollout new technologies and to increase global distribution of its titles.
tags: Games | PlayFirst | Deal | Games Publisher |

Games Publisher Electronic Arts Buys 20% Stake in French Rival Ubisoft

Authored by Mark Hefflinger on January 3, 2005 - 4:06am.
Redwood City, Calif. -- Video game publisher Electronic Arts announced that it has acquired a 19.9% stake in a rival game publisher, France-based Ubisoft Entertainment. The deal is valued at between $85 million and $100 million. Electronic Arts said it has no plans to integrate its development or publishing business with Ubisoft, which has created titles including "Myst," "Prince of Persia: The Sands of Time" and "Tom Clancy's Splinter Cell."
tags: Ubisoft | Electronic Arts | Stake | Games Publisher | French Rival |