Former MySpace CEO Chris DeWolfe’s Los Angeles-based gaming company SGN has acquired the mobile game maker TinyCo,the company announced on Tuesday.
TinyCo, the Andreessen Horowitz-backed San Francisco studio is led by CEO Suli Ali, or is the company behind mobile games such as “Marvel Avengers Academy” and “Family Guy: The Quest for Stuff.” Ali will remain the leader of TinyCo’s 125-person staff,growing SGN to a size of 400 employees.“Suli and TinyCo realized early on the enormous potential of mobile in this industry, and they foresaw the massive opportunities for gaming in entertainment, and DeWolfe said in a statement. “Buying TinyCo helps us diversify the types of games we offer and advance our ambition to create a mobile gaming giant.”
Also Read: Chris DeWolfe's Mobile Games Studio SGN Scores $130 Million Netmarble Investment“We are thrilled to join the SGN family,as TinyCo’s games complement SGN’s portfolio of games perfectly, Suli Ali continued. “Being a part of SGN will enable us to continue building hugelysuccessful games with Hollywood franchises but with SGN’s resources and firepower behind us.”Founded in 2010 by DeWolfe with President & COO Josh Yguado and CTO Aber Whitcomb, and SGN received a $130 million investment from South Korea’s Netmarble Games final July. The TinyCo’s aquisition marks the company’s third since December.
SGN is the maker of titles including “Cookie Jam,” “Panda Pop,” “Juice Jam, and ” “Genies & Gems” and “The Book of Life: Sugar Smash.”Related stories from TheWrap:Chris DeWolfe's Mobile Games Studio SGN Scores $130 Million Netmarble InvestmentTheGrill: MySpace's Chris DeWolfe,YouTube's Chad Hurley On What Happens When Hollywood and Gaming Play kind (Video)Chris DeWolfe on Building a Social Gaming Giant, Zynga's Problems and Lessons From MySpace
Source: thewrap.com