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Tencent set to Acquire U.S Company, Riot Games

U.S based game maker, Riot Games announced through a blog post that Tencent Holdings, China’s Internet behemoth, has acquired a majority stake in the company. The price negotiated is believed to be more than $350 million, according to Bloomberg. The deal will be finalized within the next 30 days. Riot Games is the creator of […]

Manga Castle Revolutionizes Manga Through Social Gaming

Penn Olson features start-ups. Find out more here. If the U.S has Zynga and Playfish, Singapore has Manga Castle, a manga-styled social game maker. Despite just 1 year into the business, Manga Castle has achieved considerable success with investors and users. With over 15,000 likes on Facebook, Manga Castle’s product has proven to be well liked […]

Even Tiger Woods is Hopping on the Virtual Currency Bandwagon

The promise of virtual currency has proved an effective way to get users to engage with their friends in social games like FarmVille and Mafia Wars. Now, Tiger Woods PGA Tour Online – the web-based version of the popular console game from Electronic Arts – is giving this concept a shot, offering users $10,000 of […]