RealNetworks New Home for GameHouse
8:25 AM | Eddie Park | Comment on this story
Several sources have reported that RealNetworks is moving to acquire GameHouse. In a deal that totals around $35.6 million in cash and stocks, RealNetworks is aiming to combine their distribution network with GameHouse's development and publication of games.
While the name GameHouse may not ring any bells with hardcore gamers, the company is well known among casual PC gamers for a slew of popular titles, including Super Collapse II and TextTwist:
GameHouse was founded in 1998 and is based in Seattle, also RealNetworks' home town. The company has sold more than a million copies of its games since its inception. In 2003 it earned $5.5 million on revenue of over $10 million, according to RealNetworks. It employs 26 people, all of whom will join RealNetworks, Jacobson says.PCWorld.com also notes that the online PC gaming market is "booming," estimating that the industry will pull in a combined $648 million in 2004.
PCWorld.com - RealNetworks Acquires GameHouse
RealNewtorks to Acquire GameHouse
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