nismo4life
Member
+3|6964
http://news.moneycentral.msn.com/provider/providerarticle.asp?Feed=AP&Date=20060424&ID=5664244

Viacom to Buy Xfire for $102M in CashadvertisementRelated information E-mail this article Print-friendly versionRelated topicsMergers and Acquisitions

All Associated Press NewsNEW YORK (AP) - Viacom Inc., the entertainment conglomerate that owns MTV and VH1, on Monday said it would buy an online video gaming company called Xfire Inc. for $102 million in cash.

Viacom said Xfire would be folded into its MTV Networks group, which also houses several other online outlets including Neopets, Parents Connect, GoCityKids.com, iFilm and GameTrailers.com.

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Xfire has about 1 million active users and offers an online video gaming platform aimed at men 18-34 years old. It is supported by advertising.

Viacom split off from CBS Corp. at the beginning of this year.

Viacom' s Class B shares rose 17 cents to $38.95 in afternoon trading on the New York Stock Exchange.

© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
tF-voodoochild
Pew Pew!
+216|7105|San Francisco

nismo4life wrote:

© 2006 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
rofl.
Viper007Bond
Moderator Emeritus
+236|7063|Portland, OR, USA

Why didn't I invent Xfire? I want $102M.
https://bf3s.com/sigs/044900892044e7fc95e599e832a086ae9bcd7efb.png
chuyskywalker
Admin
+2,439|7105|"Frisco"

I'm waiting for the money train to run me over too...
chrnoicle
Member
+23|6862|Canada

chuyskywalker wrote:

I'm waiting for the money train to run me over too...
i dont understand is that a racist joke? im lost
Maj.Do
Member
+85|7009|good old CA
neat i guess
stryyker
bad touch
+1,682|6977|California

chuyskywalker wrote:

I'm waiting for the money train to run me over too...
make sure you arent running on the track head first though, i hear trains kind of hurt when they hit you...
Home
Section.80
+447|7105|Seattle, Washington, USA

chrnoicle wrote:

chuyskywalker wrote:

I'm waiting for the money train to run me over too...
i dont understand is that a racist joke? im lost
What the heck? How do you get racism out of that? He's waiting for his big money break too.
nismo4life
Member
+3|6964
just curious as to why i got -2 karma for this post?
WarmPudgy
Member
+41|6845|Arkansas
well youre back to -1 for now
man though, will this be a good thing or a bad thing for xfire?
i never wouldve thought it would be worth 102m though, i thought xfire was run be a small group
Naughty_Om
Im Ron Burgundy?
+355|6890|USA
cuz u took the copy right and took a nice big shit on it....

but thx for the info, just  read disclaimers next time..... and wow, xfire=102 million
then my ass must be worth atleast 3 M$
eusgen
Nugget
+402|7050|Jupiter
Dang, if they start charging for Xfire im gonna die.
^*AlphA*^
F*ckers
+3,135|6996|The Hague, Netherlands

Naughty_Om wrote:

cuz u took the copy right and took a nice big shit on it....

but thx for the info, just  read disclaimers next time..... and wow, xfire=102 million
then my ass must be worth atleast 3 M$
3 Million ? what have you got there man?, diamants or something
https://bf3s.com/sigs/36eac2cb6af70a43508fd8d1c93d3201f4e23435.png
MaddOps
Who the hell elected you leader of this outfit?
+55|6854
THIS IS STRAIGHT FROM XFIRE'S SITE


VIACOM TO ACQUIRE XFIRE, INC. FOR $102 MILLION

We are very pleased to announce that Xfire has entered into an agreement to become a wholly-owned subsidiary of MTV Networks.

What does the acquisition mean to you? It means that Xfire is now backed by one of the world's leading creators of programming and content across all media. It means that Xfire will continue to grow and enhance your gaming experience. Xfire was created by gamers, for gamers. We will always remain committed to improving gaming with your friends. MTV Networks shares this vision with us, and they will help us to continue building Xfire into a larger and more exciting community, one passionate gamer at a time.

--- The Xfire Team

OK, that's the official message. I’d like to share a few additional thoughts with you.

We started Xfire about 2 1/2 years ago, based on the desire to play games with friends and the idea that we could detect some game and network information using cool programming tricks. We convinced the founders of Ultimate Arena to let us build Xfire, and since then we've built a fantastic team full of many people who have all contributed to our success.

We never had money or desire to advertise Xfire. We figured that if we build a good enough program then everyone would want to share it with their friends. Four million registrations later, I think we've been proven correct.

Xfire is unique in many ways, but one in particular is how we dedicate our work to you--our users. We spend an enormous amount of time fixing every bug that we can find, whether it's a capitalization problem or something that only occurs on one or two machines out there. We also incorporate your suggestions every single release. I like to think that we're one of the most responsive development teams in the world. Hopefully you agree.

Our frequent releases are also pretty amazing. We've done a new release every 2 or 3 weeks since the very first release of Xfire. That has added up to countless late nights full of plenty of kooky bets, made-up games in the hallways, and other insanity. It's also been a great opportunity to tell you what we're working on through our release notes, and to hopefully show you what we're made of. Even though we're being acquired by MTV Networks, that's not going to change. We're the same people we have always been, building Xfire in the same way we always have.

Obviously, we're all very excited about being acquired by MTV Networks. It validates the success that we've already had. It also validates the methods by which we've had that success--building a great product, listening to our users, and continually improving the product based on feedback. They are very impressed by what we've accomplished so far, and they want us to continue to build our wonderful community.

So... after all that we've been through, I think we've proven that Xfire cannot be stopped. Thanks so much for your support so far, and please continue to let us know what you want and expect out of us. We will deliver.

Game on!

--- Chris Kirmse
VP Engineering, Xfire

PS We'll be a little extra active on the forums today to help answer your questions as much as we can.
WarmPudgy
Member
+41|6845|Arkansas
booya, hopefully they'll stay exactly the same, im always nervous when some company gets bought out by another

usually they completely change things around

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