Gaming Console Zeebo Gets $6 Million in Debt Funding
Zeebo, the downloadable game console that launched earlier this year, has received $6 million in debt and options from one investor, according to an SEC filing. This money comes after Qualcomm (NSDQ: QCOM) invested an undisclosed amount in the company last year. Just last week, Zeebo announced that Qualcomm vet Mike Yuen had joined the company as its new SVP of worldwide content and services.
Zeebo runs on Qualcomm’s BREW wireless platform; the console is aimed at gamers in emerging markets that have limited access to other consoles because of high import costs and game piracy concerns. Game publishers like EA, Capcom and Namco Bandai have already ported roughly 20 of their console and mobile titles to Zeebo. It will rollout its console in Mexico later this year, and India and China in 2010.
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