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Video Games

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Playfish snapped up by Electronic Arts

Venture capital firms Accel Partners and Index Ventures have exited social network games company Playfish.

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Game on for Phonetic Arts

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.

News

Bigpoint in €70 million buy-out

Multiplayer online games developer Bigpoint is set to be acquired by two private equity funds.

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Taxman could hit virtual worlds

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.

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Ingenious invests £7.76 million

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.

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Games publisher buys Centroid Motion Capture

Video games producer TT Games Group has bought UK firm Centroid Motion Capture for an undisclosed sum.