SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Dealmakers

The Buyside:
Disney, Warner Bros. Seek Next-Gen YouTubes

Traditional Hollywood studios such as Disney and Warner Bros. are seeking next-generation YouTube content providers

The Buyside

Activist Investors Dig Into Mid Market
Spurred on by the high-profile success of Carl Icahn and others, a growing crop of firms is looking further downstream

Days After Tumblr Deal, Yahoo Buys PlayerScale

PlayerScale produces gaming infrastructure used by developers to build games

Yahoo Inc. (Nasdaq: YHOO) has picked up PlayerScale, a gaming framework developer, following its Tumblr Inc. acquisition on May 20.

PlayerScale’s services aim to help developers build games. The company, which was founded in 2011, helps develop games played by more than 150 million people worldwide. PlayerScale’s CEO, Jesper Jensen, has started other companies, including Super Computer International Inc., which develops video gaming systems, and was acquired by Electronic Arts Inc. in 2007.

Yahoo’s backing should allow Belmont, Calif.-based PlayerScale to develop new products more quickly and improve its services, the company said on its website. Terms of the deal were not disclosed.

The deal is in line with Yahoo CEO Marissa Mayer’s strategy of picking up startups. The company bought blogging service Tumblr in its biggest purchase since 2003 for $1.1 billion. Under Mayer’s leadership, the company has mainly focused on smaller buys, such as Summly, a news sharing application, and Jybe, an application services provider. 

For more on Yahoo's acquisition strategy, see  “10 Startups Marissa Mayer Bought Before Tumblr.” 

 

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