According to anonymous sources from within the firm, app distribution and monetisation platform Tapjoy is actively seeking a sale, with potential buyers aimed at thought to include Zynga and Japanese social gaming giants GREE and DeNA.
It had previously been thought that TapJoy was considering the possibility of an IPO, with the hiring of CFO Al Wood, veteran of two such IPOs, joining the company in July 2011.
Now it seems that instability in the financial markets, along with the poor performance of those companies that have recently floated, such as Groupon, has led to these rumours of a potential sale.
So clearly in the lead
This remains a rumour, however, as CEO Mihir Shah has dismissed any assertions that the firm would sell.
"I can't comment on rumors or speculation," he said.
"We're at a level of scale and the market opportunity is so large and we're so clearly in the lead that there isn't really any direct viable competitor. We just continue to be focused on building this ridiculously exciting business."
[source: Inside Mobile Apps]
News
When Matt was 7 years old he didn't write to Santa like the other little boys and girls. He wrote to Mario. When the rotund plumber replied, Matt's dedication to a life of gaming was established. Like an otaku David Carradine, he wandered the planet until becoming a writer at Pocket Gamer.
Related Articles
Top Stories
News
12 hours, 48 minutes ago
PocketGamer.biz Podcast Week in Mobile Games E15 - Star Wars: Hunters finally launches, the West's MOBA problem, and Xbox handheld rumours
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Week in Views - The hunt for the new Star Wars game, Xbox goes handheld, and cats versus monsters…
News
Jun 7th, 2024
Metacore's Teppo Soininen: “Anybody who has put a game into soft launch knows there’s still plenty of space for f*ck ups.”
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Steam Next Fest: June 2024 Edition | Jun 10th | |
GamesForum Hamburg 2024 | Europe | Jun 11th |
WN Conference Istanbul 2024 | Jun 11th | |
ESI London 2024 | Europe | Jun 13th |
DevGAMM Vilnius 2024 | Europe | Jun 14th |
Game Con Canada (GCC) 2024 | North America | Jun 14th |
Indie Dev Play 2024 | Europe | Jun 14th |