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August 3, 2011 08:16 pm GMT
Storm8 is about to become an even bigger powerhouse in mobile gaming.We're hearing from multiple sources that the development shop, which focuses exclusively on mobile games, is raising a massive round in the ballpark of $300 million "at a $1 billion valuation. It's not totally clear who is investing, but we're hearing that the deal includes Accel Partners and Technology Crossover Ventures. We've also heard that Zynga was bidding hard on the company, but stepped away after the deal got too rich.Storm8 is the company behind such hits as World War and iMobsters, and its studio TeamLava produced hits like Restaurant Story, Bakery Story, Farm Story, and Fashion Story. Many of the games have hit top apps lists for both iPhone and Android, and between them, we're hearing the company is on pace to make $100 million in revenue this year. The most impressive part? They haven't raised any external funding to date.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/vy0atwEgZPA/
Sources: Storm8 Raising Huge $300 Million Round At $1 Billion Valuation
Storm8 is about to become an even bigger powerhouse in mobile gaming.We're hearing from multiple sources that the development shop, which focuses exclusively on mobile games, is raising a massive round in the ballpark of $300 million "at a $1 billion valuation. It's not totally clear who is investing, but we're hearing that the deal includes Accel Partners and Technology Crossover Ventures. We've also heard that Zynga was bidding hard on the company, but stepped away after the deal got too rich.Storm8 is the company behind such hits as World War and iMobsters, and its studio TeamLava produced hits like Restaurant Story, Bakery Story, Farm Story, and Fashion Story. Many of the games have hit top apps lists for both iPhone and Android, and between them, we're hearing the company is on pace to make $100 million in revenue this year. The most impressive part? They haven't raised any external funding to date.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/vy0atwEgZPA/
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