SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY
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.
Thank you, TiA