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Turbine secures a further $40 million in financing

Time Warner and GGV Capital have agreed to finance Lord of the Rings Online developer Turbine to the tune of $40 million. We’re not entirely sure if this is the same $40 million the company was supposed to have raised a month ago, but either way Turbine boss Jim Crowley is absolutely over the moon. […]

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Vc headlines

  • Earth Eternal dev secures $4.25 million in VC

    See here. Developer Sparkplay just got a bunch of money after years of living on beans on toast. “We’ve been self-financing, and thus bootstrapping, for two years now and are incredibly excited about the chance to expand and accelerate our plans,” said CEO Matt Mihaly, probably from a bath full of gold. “We’re developing a […]

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  • US VC gets 1080° Snowboarding

    American Wii owners will be able to grab 1080° Snowboarding through Virtual Console at 9am PST, says this press release. The game has been available over the European service for a couple of weeks. It’ll set you back 1,000 Wii points, US-types.

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