GigaOM
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Electronic Arts Buys Shawn Fanning’s Gaming Social Network ThreeSF; Price $15 Million

  • Comments Comments (View)
  • Text Size: A A

imageElectronic Arts (NSDQ: ERTS) is not just trying to buy big (efforts to buy Take-Two, for example) but extending its M&A mandate to smaller online players: it has bought a relatively unknown social gaming service called ThreeSF, the company announced in a rather brief release this evening. ThreeSF, whose first product was gaming social site Rupture, was started by Shawn Fanning, the founder of Napster (NSDQ: NAPS). The sale price was around $30 $15 million, according to LAT blog, citing sources. EA said that more information about EA’s plans for ThreeSF “will be available in the weeks ahead.” EA has been working on a social gaming incubator with CAA, so would be interesting to see if this ties in with that effort.

SEE ALSO: EA Working On Social Games Incubator; Along With CAA

This marks the first time Fanning has made a substantial amount of money: Napster certainly didn’t, and then his second startup Snocap ended up selling its entrails to Imeem earlier this year.

Updated: See this post on the actual sale price.

Jun 3, 2008 9:33 PM ET

Posted In: Entertainment, Games, Money, M&A & Venture Capital, Mergers & Acquisitions, Social Media, electronic arts, shawn fanning, threesf

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Kindle (Free) Kindle (Free)
1. Into the Free: A Novel
2. Sleeping with Paris
3. Remix
4. Have a New Husband by Friday: How…
5. Extreme Money: Masters of the Universe…
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff