EDGEWORLD KABAM PLAY SERIES

Īs of April 2015, Kabam is only focused on developing AAA mobile games. This allowed its games to be distributed through Alibaba's apps, including Mobile Taobao and the Laiwang messaging app. Īlibaba announced in July 2014 that it planned to invest $120 million in Kabam, giving the company a $1 billion valuation. Also in June, Kabam shut down servers for The Hobbit: Armies of the Third Age. In June 2014, Kabam hired former EA Mobile VP Aaron Loeb as Senior Vice President of its North American Studios (San Francisco and Vancouver), while at EA Mobile he worked on The Simpsons: Tapped Out and Monopoly Slots, Kabam hoped he would provide a link to Hollywood Studios. A secondary stock sale was agreed at the end of 2013 which valued the company at $700 million, it was also announced at this time that four of its games – led by Kingdoms of Camelot – grossed more than $100 million, with $360 million in revenues for 2013. On September 19, 2012, CEO Kevin Chou announced that Kabam was considering an IPO. On August 3, 2010, Watercooler changed its name to Kabam. On November 2, 2009, Watercooler, launched Kingdoms of Camelot on Facebook.

EDGEWORLD KABAM PLAY SERIES

In October 2009 Watercooler, secured $5.5 million in Series B funding from Betfair, the world's largest Internet betting exchange, and Canaan Partners, which participated in the company's Series A funding in 2007. Kabam was founded in 2006 as Watercooler by Kevin Chou, Michael Li, Holly Liu, and Wayne Chan, the company started off focused on building community apps for sports and entertainment fans, amassing more than 25 million users on Facebook and other social networks. Īs of April 2015, Kabam announced a shift in its focus to developing AAA mobile games. In late 2009, Kabam launched Kingdoms of Camelot, one of the first successful strategy games on Facebook, but in June 2010, the number of players began constantly shrinking. The company has focused on developing 'real games,' or games with immersive gameplay mechanics akin to more traditional MMOs with an emphasis on the spending and gambling of virtual currency. The company's previous investors included Alibaba, Canaan Partners, Google, MGM, Intel, Pinnacle Ventures, Redpoint Ventures, Warner Bros. Kabam markets freemium games for mobile devices, and social networking services. Before expanding into gaming, Kabam established itself as a social applications' developer with entertainment and sports communities totaling more than 60 million users. The company creates, develops and publishes massively multiplayer social games (MMSG's) such as Marvel Contest of Champions and Transformers: Forged to Fight for mobile devices. with offices in Montréal, QC, San Francisco, CA and Austin, Texas. Kabam (formerly Watercooler, Inc.) is an interactive entertainment company founded in 2006 and headquartered in Vancouver, BC. Please help improve this article and add independent sources. This article reads like a press release or a news article and may be largely based on routine coverage.

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