Roundup: IPOs slow to a crawl, China gets music sales, Facebook competition kicks off and more
July was slowest for IPOs in five years — A measly 56 companies went public last month, raising $5.6 billion. Pretty depressing, compared to last year’s figure of 190 companies and $31.7 billion. This month is expected to be similarly slow, with a pickup coming late… Continue Reading
Roundup: Sony opens to online advertisers, Electronic Arts confirms Rupture acquisition and more
Here’s the latest action:
Sony opens to in-game ads — The company is about to announce support for ads in the PlayStation 3 video game console, and in-game advertising company IGA Worldwide will be the first to announce a deal, according to Forbes and other publications. As… Continue Reading
Shawn Fanning negotiating to sell social gaming company Rupture for $30M
Shawn Fanning, who gained fame after launching early music file sharing company Napster, is in advanced stages of talks to sell his most recent social gaming start-up, Rupture, for $30 million.
The buyer would be Electronic Arts, but unlike first reported by Techcrunch, the deal hasn’t… Continue Reading
Fanning to launch Rupture, a social network for games
Shawn Fanning, founder of the popular music file sharing company Napster, is back in the game with a new start-up.
This time, Fanning wants to bring social networking to popular online games like World of Warcraft, as BusinessWeek first reported.
Experts say this is a… Continue Reading