News

Viacom Buying Game Company Xfire

By the Betanews Staff | Published April 25, 2006, 1:10 PM

MTV Networks and Nickelodeon parent Viacom announced Tuesday plans to acquire Xfire, an online game technology company, for $102 million. Xfire has a largely youth-oriented audience that use its instant messaging and social networking platform alongside their games.

Although Xfire does not create games itself, it provides the platform for connecting players together. MTV plans to utilize the technology for its online properties, including features for sharing music videos. The network will push the service on its television programming and Web site in an attempt to expand Xfire's 4 million plus user base.

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yizuman
Apr 26, 2006 - 10:18 AM

Crap, there goes the neighborhood!

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stinger
Apr 25, 2006 - 5:00 PM

why must all good things come to an end?

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bourgeoisdude
Apr 25, 2006 - 5:23 PM edited

Two reasons:

1. Politicians.
2. Lawyers.

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rhinohide
Apr 27, 2006 - 2:23 AM edited

Well, there went another GREAT tool for gamers. Kiss it bye, bye, those of you who love Xfire.
I can't blame them. A Hundred million bucks is more than tempting but I think they could have made a lot more in the long run by selling selected advertising on Xfire themselves and not destroyed it for gamers the way MTV will.

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Bugeyes
Apr 25, 2006 - 1:43 PM

You will be assimulated, resistance if futile.

- Viacom

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RootWebGod
Apr 25, 2006 - 4:56 PM edited

Spellcheck is your assimilated friend. ;)

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