Oberon’s Acquisition of I-Play and PixelPlay: Total $70 Million
Oberon Media, the New York City-based online and mobile casual games provider backed by big money, acquired two companies this year: mobile gaming firm I-Play and PixelPlay, the interactive TV games producer. The prices were no disclosed when these acquisitions were announced. But PEHub found out more with two SEC filings the private company had to do with its own fund raise. The company spent a total of about $70 million in acquisitions…this included an $18 million common stock exchange (for PixelPlay), and $52.52 million in newly-raised junior preferred stock (for I-Play).
SEE ALSO: Oberon Media To Acquire iTV Games Provider PixelPlay
Some rumors on I-Play acquisition price came out earlier, and were in the $110 million range…this new filing probably overrides that. The filing also said the extra “working capital” funding came in at around $47.4 million.
Oberon was founded in 2003 and is funded by Goldman Sachs, Morgan Stanley, Oak Investment Partners and Lehman Brothers.
Disclaimer: I-Play is a sponsor of our CTIA MocoMixer event.
Posted In: Entertainment, Games, Money, M&A & Venture Capital
iTunes TV Shows
Social Standing
Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?
Show Me: