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DST, 1C and Sergey Orlovskiy Invest $7 Million in Nival Network

Files under: News
Posted by: Quintura @ 16:29 [16. 03. 10]

Social games company Nival Network has raised $7 million in new equity capital from DST, 1C Company and Nival Group founder & CEO Sergey Orlovskiy at post-money valuation of $32 million, reported newspaper Vedomosti. The new shareholder DST invested $4 million for a 12.5% stake in Nival Network, the newspaper said. The other shareholders, accounting [...]

Russian Online Games Market To Hit $238 Million In 2009

Files under: News
Posted by: Quintura @ 06:34 [26. 10. 09]

The Russian online game market is expected to reach $238 million in 2009, up 29% from $185 million in 2008, according to data released by iKS-Consulting (via Prime-TASS BIT). The Russian mobile game market is valued at $87 million in 2009. MMOG will generate revenues of $210 million while casual games will generate $28 million. [...]