• RealNetworks to develop socnet around games?

    Wednesday, September 26th, 2007

    Mike Butcher is the European Editor for TechCrunch. A former grunge rock drummer, he became a long time journalist, and has since written for UK national newspapers and magazines including The Financial Times, The Guardian, The Times, The Daily Telegraph and The New Statesman. Mike is also a co-founder and shareholder of TechHub, a co-working space/service/community with several locations... → Learn More

    Casual gamers – moms, dads and senior citizens – are the mainstream of the gaming world. So it’s interesting that RealNetworks could be looking to foster community around its RealArcade property, following reports today that it is acquiring NYC-based online casual gaming site Gametrust for somewhere in the region of $50 million. The company, which has already raised nearly $20 million in three rounds, powers some big gaming portals including MiniClip.com and Shockwave.com with its Game Frame platform. The five year-old GameTrust counts TWJ Capital, NJTC Venture Fund, Patriot Capital, CSK Ventures, Topspin Partners, Silicon Alley Venture Partners, Draper Associates and Elon Musk among its investors.

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