SouthPeak Secures $12.9M Funding For Expansion

**MIG-31** · Jun 20, 2008, 05:58 PM

Publisher SouthPeak Interactive (Two Worlds) has secured $12.9 million in a private investment in public equity (PIPE) transaction, according to a report from VC news weblog VentureBeat.

The financing of its forthcoming mainstream PC and console titles runs contrary to the current trend of venture funding for mostly online games, casual games, virtual worlds, and social networking games.
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Source: Gamasutra

Jun 20, 2008, 05:58 PM	#1
MIG-31 HardwareHeaven News Mod Join Date: Dec 2002 Location: Nottingham,UK Posts: 55,743 Rep Power: 444 System Specs	SouthPeak Secures $12.9M Funding For Expansion Publisher SouthPeak Interactive (Two Worlds) has secured $12.9 million in a private investment in public equity (PIPE) transaction, according to a report from VC news weblog VentureBeat. The financing of its forthcoming mainstream PC and console titles runs contrary to the current trend of venture funding for mostly online games, casual games, virtual worlds, and social networking games. _____________ Source: Gamasutra __________________ Please Post Your News Submissions Here