Kabam Acquires Gravity Bear

MARCH 29, 2012 ● Free-to-play publisher of hardcore social games Kabam announced it acquired 
Emeryville, Calif.-based 3D
social 
game developer
 Gravity
Bear, creator
of the role-playing
 combat game,
 Battle
Punks. Impact: There is growing focus on bringing hardcore gamers into Facebook games which traditional have appealed to a different audience.  At E3, DFC Intelligence.....

Best Buy to Close 50 Stores

MARCH 29, 2012 ● After reporting a $1.7 billion loss on March 3, Best Buy announced that it would close 50 stores during the next year, as well as cut 400 jobs from its corporate and support personnel rolls.  The retailer wants to cut $800 million by its fiscal year 2015. .....

Dave Cutler Assigned to Xbox Team

JAN. 18, 2012 • The San Francisco Chronicle reports that long-time Microsoft engineer, Dave Cutler, has been assigned to the Xbox team. Cutler has so far been instrumental in operating system design at the firm since Windows NT. The company says Cutler’s role is to transition the Xbox into, “a complete home entertainment device.”  Cutler most recently was assigned to Microsoft’s cloud computing platform. .....
Investors Cool to Zynga IPO

Investors Cool to Zynga IPO

DEC. 16, 2011 • Zynga Inc. got less a less enthusiastic investor response to its intial public offer than hoped. The Zynga IPO debuted at $10, the stock closed its first day of trading lower at $9.50. A high-profile technology IPO is usually expected to provide substantial early appreciation in stock value for early investors. Impact: Opinion around whether Zynga is a good investment is all ac.....
Nexon IPO Expects ¥100 Billion Listing

Nexon IPO Expects ¥100 Billion Listing

NOV. 7, 2011 • Nexon Co. Ltd. hopes listing on the Tokyo Stock Exchange will raise as much as ¥100 billion yen ($1.3 billion) once the Nexon IPO is complete in December. According to the Bloomberg news service, Nexon hired Nomura Holdings Inc., Morgan Stanley and Goldman Sachs Group Inc. to manage the offering in Japan, the U.S. and Europe. The IPO would be the biggest by a company listing in Japan this year, and the second largest in the technology industry wo.....

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