ErikStenger
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Xfire, the social network for gamers that was acquired by Viacomfor $102 million back in 2006, has a new owner. The buyer is Titan Gaming, a small company that raised a mere $1 million in angel funding to date, so we’re making an educated guess here and going to assume that it was sold for a song compared to the price Viacom paid a couple of years ago.
In a message posted on the Xfire website very recently (via Kotaku), it looks like the entire development team is leaving:
August 2, 2010–Xfire has been purchased by another company. Most of the team that has brought you Xfire for the last 6 years is leaving, including me. We’ve enjoyed our time and I personally am sad that I was only able to do 127 releases. Good bye and game on!
(The message comes from ‘Chris’, which is most probably Chris Kirmse, Xfire founder and lead engineer.)
We’ve just confirmed with Titan Gaming CEO John Maffei that they have acquired Xfire – the deal was signed just a couple of hours ago – but have not been able to pin down the exact purchase price. Here’s a brief statement from Titan:
Titan Gaming has purchased Xfire. The terms of the purchase are undisclosed. Titan will be taking on the Xfire name. The Xfire services will continue uninterrupted for its users. Xfire redefined how gamers communicate, Titan intends to build upon this tradition and utilize the Xfire platform to help gaming companies better engage and monetize their games.
Maffei adds that Titan Gaming has retained several key members of the development staff.
Titan Gaming last May announced that it had raised $1 million in funding from a slew of prominent angel investors.
Exclusive: Titan Gaming Takes Xfire Off Viacom’s Hands
In a message posted on the Xfire website very recently (via Kotaku), it looks like the entire development team is leaving:
August 2, 2010–Xfire has been purchased by another company. Most of the team that has brought you Xfire for the last 6 years is leaving, including me. We’ve enjoyed our time and I personally am sad that I was only able to do 127 releases. Good bye and game on!
(The message comes from ‘Chris’, which is most probably Chris Kirmse, Xfire founder and lead engineer.)
We’ve just confirmed with Titan Gaming CEO John Maffei that they have acquired Xfire – the deal was signed just a couple of hours ago – but have not been able to pin down the exact purchase price. Here’s a brief statement from Titan:
Titan Gaming has purchased Xfire. The terms of the purchase are undisclosed. Titan will be taking on the Xfire name. The Xfire services will continue uninterrupted for its users. Xfire redefined how gamers communicate, Titan intends to build upon this tradition and utilize the Xfire platform to help gaming companies better engage and monetize their games.
Maffei adds that Titan Gaming has retained several key members of the development staff.
Titan Gaming last May announced that it had raised $1 million in funding from a slew of prominent angel investors.
Exclusive: Titan Gaming Takes Xfire Off Viacom’s Hands
