$1.38 Billion Invested in Virtual Goods-Related Companies Worldwide in 2009
The 2009 Virtual Goods Investment Report has just been released by Engage Digital Media. The report, compiled by www.VirtualGoodsNews.com details the investments made in virtual goods related companies in 2009.
Interesting facts and figures include:
– Above $1.38 billion has been invested in 87 companies last year, which is more than three times the amount invested in 2008 ($408 million) for twice as many companies (34 in 2008).
– Acquisitions represent $398.3 million out of the $1.38 billion invested.
– The largest acquisitions were Electronic Arts’ acquisition of Playfish for $300 million and China-based KongZhong’s $80 million acquisition of China-based Dacheng.
– Russian firm Digital Sky Technologies was by far the largest investor in the space in 2009 with its investments in Zynga and Facebook.