California-based venture capital firm Accel Partners, which has its UK base in London, has led a first round of fundraising into German mobile gaming company flaregames.
Global computing business Microsoft has acquired California-based VideoSurf, a move which will see new technology integrated into its Xbox entertainment system.
California-based computer game company Electronic Arts (EA) has acquired Playfish, a developer of social network games, for up to $400 million (£240 million).
Phonetic Arts has secured first-round funding from VC fund IQ Capital and several prominent business angels, including games industry veteran David Braben and speech technology expert Professor Steve Young.
Online gamers who participate in virtual worlds such as Second Life could find themselves hit by unexpected tax bills, according to Mark Simpson, director at chartered accountants Simpson Burgess Nash.
Ingenious Media Active Capital (IMAC) has completed an investment of up to £7.76 million to take a significant equity stake in the pioneering video games company, In2Games. This is the eighth investment that IMAC has made since its IPO in April 2006.
