Overwritten.net
Games => General Gaming => Topic started by: idolminds on Monday, August 02, 2010, 04:24:27 PM
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Team Leaving
August 2, 2010--Xfire has been purchased by another company. Most of the team that has brought you Xfire for the last 6 years is leaving, including me. We've enjoyed our time and I personally am sad that I was only able to do 127 releases. Good bye and game on!
--- Chris
In the news box on the main site (http://www.xfire.com/). I wonder what this means overall. And who bought them?
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WTF? :o
EDIT:
What's up w/ the "In partnership with LiveStream" stuff on the page?
Did LiveStream buy them out?
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Dang.. I wonder if the team will work on something else in the field of game-comms etc.
EDIT:
I found this little bit of news (http://www.xfire.com/cms/xf_acquisition/) regarding an acquisition of Xfire by VIACOM.
VIACOM TO ACQUIRE XFIRE, INC. FOR $102 MILLION
We are very pleased to announce that Xfire has entered into an agreement to become a wholly-owned subsidiary of MTV Networks.
What does the acquisition mean to you? It means that Xfire is now backed by one of the world's leading creators of programming and content across all media. It means that Xfire will continue to grow and enhance your gaming experience. Xfire was created by gamers, for gamers. We will always remain committed to improving gaming with your friends. MTV Networks shares this vision with us, and they will help us to continue building Xfire into a larger and more exciting community, one passionate gamer at a time.
--- The Xfire Team
That explains the MTV Networks stamp on every page.
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Thats actually several years old. TechCrunch found the new owners (http://techcrunch.com/2010/08/02/exclusive-titan-gaming-takes-xfire-off-viacoms-hands/):
We’ve just confirmed with Titan Gaming CEO John Maffei that they have acquired Xfire – the deal was signed just a couple of hours ago – but have not been able to pin down the exact purchase price. Here’s a brief statement from Titan:
Titan Gaming has purchased Xfire. The terms of the purchase are undisclosed. Titan will be taking on the Xfire name. The Xfire services will continue uninterrupted for its users. Xfire redefined how gamers communicate, Titan intends to build upon this tradition and utilize the Xfire platform to help gaming companies better engage and monetize their games.
Maffei adds that Titan Gaming has retained several key members of the development staff, which sounds far more positive than the statement on Xfire’s website – which reads that most of the team is leaving the company – suggests.
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Yeah, that was about 3½ years ago. The current acquisition is said to be by a company based in California called Titan Gaming.