TECH in AMERICA (TiA)

SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY

Is it Kabam or Ka-Ching

by @ChrittyWatts

Shh-, privately held  Kabam just got a bump in value to $700 million, giving them seven hundred million reasons not to name its funders joining last years investors, Warner Bros.

Founder Kevin Chou made some general statements about the company’s goals:

“I strongly believe  that all Kabam talent should share in the value that they  are creating for our company’s shareholders, including themselves.  In  the last 12 months, Kabam has launched North America’s most successful  game publishing and platform business, bringing over 20 high  quality titles to market.  In addition, our own studios have created the  world’s number one mobile racing game, Fast and Furious 6: The Game.  Our talented employees are the ones making these efforts so successful.”

Mr. Chou added that the company has over $50 million in cash and expects to increase revenue beyond $300 million this year.

Kabam 700mil

Thank you, TiA

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