Xfire Sold!
Xfire
, the social network for gamers that was acquired by Viacom for $102 million back in 2006, has a new owner. The buyer is Titan Gaming, a small company that raised a mere $1 million in angel funding to date, so we're making an educated guess here and going to assume
that it was sold for a song compared to the price Viacom paid a couple
of years ago.
In a message posted on the Xfire website very recently (via Kotaku), it looks like most of the development team is not sticking around:
August 2, 2010–Xfire has been purchased by another company. Most of the team that has brought you Xfire for the last 6 years is leaving, including me. We've enjoyed our time and I personally am sad that I was only able to do 127 releases. Good bye and game on!
The message comes from someone named 'Chris' – most probably Chris Kirmse, Xfire founder and VP of Engineering. Krimse was once Senior Engineer of Yahoo Games – said to have built the Yahoo FIFA system – before creating Xfire back in 2003.
that they have acquired Xfire – the deal was signed just a couple of
hours ago – but have not been able to pin down the exact purchase price.
Here's a brief statement from Titan: Titan Gaming has purchased Xfire. The terms of the purchase are undisclosed. Titan will be taking on the Xfire name. The Xfire services will continue uninterrupted for its users. Xfire redefined how gamers communicate, Titan intends to build upon this tradition and utilize the Xfire platform to help gaming companies better engage and monetize their games.
Maffei adds that Titan Gaming has retained several key members of the development staff, which sounds far more positive than the statement on Xfire's website – which reads that most of the team is leaving the company – suggests.
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