TITLE

Investors Pour $184M into Virtual Worlds

AUTHOR(S)
Schachter, Ken
PUB. DATE
April 2008
SOURCE
Red Herring;4/25/2008, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article presents the results of a survey by Virtual Worlds Management, which found that more than $184 million was funneled to 23 companies that run virtual worlds in the first quarter. By far, the largest investment was a reported $100 million investment into 9you.com, a virtual world run by Everstar Entertainment. The second largest deal was a $12 million round to Gaia Online from a consortium that included Time Warner. Another major deal was an $11 million investment in Outspark, a maker of multiplayer games.
ACCESSION #
36834987

 

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