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Oberon Media Gets New Casual Financing

Oberon Media Gets New Casual Financing

July 5, 2006 | By Simon Carless




Casual game publisher and distributor Oberon Media (Kong: Skull Island Adventure, Saints & Sinners Bingo on PC, Astropop, Zuma Deluxe on Xbox 360) has announced that it has secured unspecified amounts of new financing from Goldman Sachs, Morgan Stanley, Oak Investment Partners and existing investors.

Existing investors re-investing in the cmopany include Capricorn Management, the investment firm of Jeff Skoll, eBay's first employee and first president, and the investments will support future growth and acquisitions as the company expands its position in the casual games space.

Oberon Media's casual games platform currently offers hundreds of games in 14 languages and more than 200 countries to more than 300 million unique players - the company was a prominent presence at the Casuality game conference in Seattle last week, where it gave away a Mini car at its party.

"As our business grows, we're proud to have the support of the world's leading financial institutions," Tal Kerret, Oberon Media's co-founder, chairman and head of strategic partnerships said. "These investments indicate a clear vote of confidence in the company's future."

"Oberon Media's strong market position and strategic partnerships made it a very compelling investment for Morgan Stanley," said David Smoot, managing director of Morgan Stanley. "We're pleased to be aligned with the leading company in this burgeoning market."


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