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Free-To-Play Games Company Kabam Buys Phoenix Age As It Pushes For $650M In 2014 Sales

on March 10, 2014

TechCrunch

Kabam , the free-to-play gaming company that has raised some $125 million in venture funding and looks to be among those weighing up an IPO, has acquired Phoenix Age, a games studio based in San Francisco. The deal was done for diversification: it will give Kabam some strong franchises, and games developing talent, specifically in the area of role-playing games.

“Phoenix Age’s hit games and world-class talent further solidify Kabam’s leadership role in the free-to-play games space while expanding Kabam into new genres,” said Kent Wakeford, COO for Kabam, in a statement.

Phoenix Age, which was founded in 2009, is the developer behind the mobile games Underworld Empire and Castle Age, with the first out on Facebook and iOS and the latter on iOS. It also has a third game still in development. It has 44 employees, who will continue to work out of its existing offices.

For Phoenix Age…

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