Thursday, April 27, 2006

Viacom to Acquire Xfire for $102MM

MTV Networks just acquired Xfire, one of the fastest-growing online gaming platforms and communities. This seems like a great way for MTVN to enter the online community space - Xfire is the only instant messenger for gamers with an extensive, legal peer-to-peer file distribution system.

"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."

http://www.xfire.com/cms/xf_acquisition

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