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Kabam may have just paid $90 million to buy mobile RPG developer Phoenix Age

by Mike Rougeau

March 10 2014

The developer of Castle Age and Underworld Empire did not come cheap to Kabam, one anonymous source says.

But although the price has not been officially disclosed, the acuisition is confirmed. Kabam hopes to expand into new genres by folding existing Phoenix Age titles into its game catalog, Kabam COO Kent Wakeford said. And though both companies are based in California's bay area, the 44-person Phoenix Age will remain in its current offices.

Kabam is most well known for licensed games based on The Godfather, The Fast and the Furious and The Hobbit. In 2013 the company doubled its revenue to $360 million, and it reported recently it's shooting for revenue between $550 million and $650 million in 2014.

Kabam CEO Kevin Chou said recently that the company's success has been due in part to it targeting hardcore gamers on mobile platforms. (via Pocket Gamer)

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