All publications by tag «kabam»

Money

Why did Kabam sell about 10% of Alibaba shares?

Last August, Alibaba, one of the world’s largest and, undoubtedly, the largest Internet company in China, acquired about 10% of Kabam for $ 120 million, which developed the games “Heroes of Camelot” and “The Hobbit: Kingdoms of Middle-Earth”. The other day, studio CEO Kevin Chou told The Wall Street Journal about the reasons why he made a deal with Alibaba. we decided to focus on the most interesting moments of this material.