Xfire

Aquisitions Overview

Acquired Organization

Xfire

Xfire is the leader in social gaming services for core gamers. In July of 2012, Xfire passed 22 million registered users. Xfire was founded in 2003 and acquired by Viacom in 2008 for $102 million. In August 2010 Xfire was spun out of Viacom by a private team of serial entrepreneurs and internet investors, including: Brock Pierce (IGE, Affinity Media), Mark Donovan (Titan Gaming), and William Quigley (Clearstone Venture Capital). The new team brings a wealth of experience, energy and focus that will further solidify Xfire’s leadership in the gaming space. Xfire has recently released a re-vamped website and new UI/UX on its desktop and in-game client. Further, it has launched a new competitive gaming service, Battleground into closed beta. Battleground features 3 modes of competitive gaming; Instant Action (24/7 death match styled play), Challenges (direct wagering between users or clans) and Tournaments (multi-ladder, automated tournament system) supported by a full virtual eco-system of Xcoin (paid currency) and Battle Tokens (earned currency). Xfire continues to provide users social networking, group VOIP and chat, social sharing of in-game screen shots and videos, and live-streaming gameplay. To learn more about Xfire and to download the client, please go to www.xfire.com.

Acquiring Organization