Log in
Login
Password
Remember
Lost password
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

4-Traders Homepage  >  Shares  >  London Stock Exchange  >  Internetq Plc    INTQ   GB00B5BJJR09

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Internetq Plc : Funzio hopes to raise major capital

04/19/2012 | 04:28am US/Eastern

18 Apr 12

More people than ever before are engaging in mobile gaming, with new titles coming out that garner a massive following.

More people than ever before are engaging in mobile gaming, with new titles coming out that garner a massive following. One firm that is hoping to continue its success is Funzio, which is seeking to raise between $50 million and $350 million, TechCruch reports.

The company, which makes role playing games including Modern War and Crime, is headed by Ken Chiu, who has worked in the industry for years. Prior to Funzio, Chui was able to sell a startup firm to Zynga. There are other employees who have brought experience to the mobile entertainment firm.

"Both [Chiu] and Anil Dharni were behind Storm8, another mobile gaming company with several top-grossing Android games under its belt, before they split with the other co-founders and started Funzio," the source reports. "The company's roadmap and traction were compelling enough that they were able to poach Jamil Moledina, an executive who spearheaded third-party publishing efforts for Electronic Arts."

Funzio has been making other headlines when it comes to online gaming. The company announced that it was launching Kingdom Age for Facebook and it may create a mobile application if there's enough interest, according to Inside Social Games.

distributed by
React to this article
Latest news on INTERNETQ PLC
07/28 INTERNETQ : Confident In Meeting Market Expectations For Full Year
07/28 INTERNETQ : H1 2015 Trading Update
07/09 INTERNETQ : Secures EUR17 Million Investment In Akazoo Streaming Service
07/09 INTERNETQ : InternetQ raises €17m for Akazoo
06/11 INTERNETQ : Result of AGM
06/02 INTERNETQ : Director Dealing
05/21 INTERNETQ : Sees Strong Start To 2015 As First Quarter Revenue Rises
05/21 INTERNETQ : Trading Update
04/01 INTERNETQ : Issue of Equity & Director Dealing
03/31 INTERNETQ : Confident For Growth In 2015 As 2014 Pretax Profit Rises
Advertisement
Chart
Duration : Period :
Internetq Plc Technical Analysis Chart | INTQ | GB00B5BJJR09 | 4-Traders
Income Statement Evolution
More Financials