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Consolidation is coming to gaming, and Jam City raises $145 million to capitalize on it

TechCrunch LA

A slew of banks are coming together to back a new roll-up strategy for the Los Angeles-based mobile gaming studio, Jam City and giving the company $145 million in new funding to carry that out. Jam City is coming off of a strong year of company growth. New Harry Potter game, launching today, lets players enroll in Hogwarts.

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THQ Sells Off UFC Rights To EA

socalTECH

Agoura Hills-based THQ said late Monday that it has sold off its rights to produce titles for the Ultimate Fighting Championship (UFC) brand, to Electronic Arts. According to THQ, the sale resulted in an undisclosed cash payment to THQ, and allows THQ to continue to publish its existing console and mobile titles through March 31, 2013.

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Jam City is setting up a Toronto shop by buying Bingo Pop from Uken Games

TechCrunch LA

The Los Angeles game development studio Jam City is setting up a shop in Toronto with the acquisition of Bingo Pop from Uken Games. The Bingo Pop acquisition will bring a gambling game into the casual game developer’s stable of titles that pulled in roughly $700,000 in revenue through October, according to data from SensorTower.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 ” The unicorn gaming company has amassed increasingly larger rounds over the past three years on a nearly annual basis. .

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