Gazillion Entertainment and Temasek Holdings Announce Investment Partnership
According to the press release, “Gazillion Entertainment, a leading developer, publisher and operator of massively multiplayer online (MMO) games, announced that a group of investors, led by Singapore’s Temasek Holdings, has invested $60 million into the company.
“Massively multiplayer online games have become one of the most profitable entertainment formats in many worldwide markets. At Gazillion we’ve focused our creative energy on bringing a signature style and playability to our MMOs so these experiences can be shared by all kinds of gamers,” said Rob Hutter, Founder and CEO of Gazillion. “We’re pleased to welcome Temasek as we enter a key phase of expansion for the company.”
Mike Vorhaus, President of Magid Advisors, a unit of Frank N. Magid Associates, commented, “We believe Temasek’s investment in Gazillion, which has developed one of the best portfolios of online games for all ages, underscores Gazillion’s emergence as a major MMO player globally.””
Read more: Press Release
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