Feeds

EA buys Aussie game studio

Firemint founder becomes instant millionaire

Boost IT visibility and business value

Electronics Arts has swooped on Melbourne-based mobile gaming developer Firemint for a reported estimate of somewhere between US$20-40 million.

Founded in 1999 the Australian developer is the creator of mobile game hit “Flight Control” and driving game, "Real Racing," which is an iPhone and iPad favourite.

Once the deal is closed, in an anticipated four weeks, Firemint will become part of EA's mobile and web game unit, EA Interactive.

EA Interactive executive VP Barry Cottle praised the Firemint team for its “critical and commercial success" and said their addition to EA would help accelerate the companies position as a gaming leader.

Firemint founder and CEO Rob Murray confirmed on his company blog that the company and its 60 strong staff would be staying in Melbourne with “business as usual”. While refraining from outlining plans he said that the deal “can free us up a lot to focus on the creative stuff that really matters and they can provide essential resources to help us build better games. We will be joining ranks with some of the best developers in the business.”

In January Firemint acquired fellow Australian game studio, Infinite Interactive. Infinite Interactive is best known for the “Warlords” and “Puzzle Quest” series of games, both designed by the companies founder Steve Fawkner. As part of the acquisition Fawkner joined Firemint as a product manager.

The rise of social gaming has led to a 36% rise in global funding and acquisition deals in 2010. According to recent IHS Screen Digest research the total number of funding and acquisition deals in gaming swelled to 210 last year. ®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.