• EA Sports' FIFA franchise surpasses 260 million copies sold

    2 monthes ago - By Venture Beat

    Electronic Arts is reminding everyone that it has one of the biggest gaming franchises in the world with its FIFA soccer sims. The publisher has seen the market lose some faith in the value of its stock price due to its recent delay of Battlefield V, its revised financial outlook, and ongoing concerns about competitor Fortnite. In response, the com...
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  • David Baszucki interview - How Roblox plans to outpace the growth of Minecraft

    David Baszucki interview - How Roblox plans to outpace the growth of Minecraft

    2 monthes ago - By Venture Beat

    Roblox has been on a tear. It grew from 48 million monthly active users last year to more than 70 million now. And it announced today that it has raised $150 million in a new round of funding from Tiger Global Management and Greylock Partners. Dave Baszucki, CEO of the San Mateo, California-based company, said the company will use it to grow its in...
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  • The video game turning teens into millionaires has raised a whopping $150 million, making it a $2.5 billion company

    The video game turning teens into millionaires has raised a whopping $150 million, making it a $2.5 billion company

    2 monthes ago - By Business Insider

    Roblox, a massively popular video game with 70 million monthly active players, has raised $150 million at a valuation of over $2.5 billion.
    Incidentally, $2.5 billion is also how much Microsoft paid for Mojang, the creator of Minecraft - which is seen as one of Roblox's chief rivals.
    Roblox CEO David Baszucki says that the money will go into helping develop Roblox into what he calls a new form of "human co-experience."
    Roblox, a massively popular video game with 70 million monthly active players, has raised a whopping $150 million in a funding round led by Greylock Partners and Tiger...
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  • Kids' gaming platform Roblox raises $150M

    Kids' gaming platform Roblox raises $150M

    2 monthes ago - By Tech Crunch

    Roblox , which allows kids to create 3D worlds and games, has raised an additional $150 million in funding.
    The company didn't disclose its valuation in the announcement, but a source with knowledge of the deal told us that it valued Roblox at more than $2.5 billion - the price that Microsoft paid to acquire Minecraft four years ago .
    “This is a big year for us that fortifies the dream,” said co-founder and CEO David Baszucki .
    Earlier this year, Roblox announced that it had become cash-flow positive , and Baszucki told me the company remains “extremely profitable.” So why raise more...
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  • Roblox raises $150 million as its user-created game world surpasses 70 million players

    Roblox raises $150 million as its user-created game world surpasses 70 million players

    2 monthes ago - By Venture Beat

    Roblox has raised $150 million in a new round of funding aimed at expanding the international growth of its social platform for user-generated games. The valuation of the company was at least $2.5 billion, said a source close to the company. The San Mateo, California-based company also said it has more than 70 million monthly active users for its L...
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