Kabam was valued at $700 million

An unknown buyer purchased part of the shares of Kabam for $ 38.5 million, estimating its full value at $ 700 million, writes The Wall Street Journal.

The money went not into the company’s budget, but into the pockets of its leading managers. 

It is not clear whether Kabam will enter the IPO on the background of such a successful deal and successful releases of Fast & Furious 6: The Game and The Hobbit. Kevin Chou, the company’s executive director, claimed earlier that this would happen no earlier than the end of 2014. In any case, now is a very good time for the company to do this. 

Kabam’s expected revenue this year will be $300 million. For comparison, in 2012 she earned $180 million. 

Big money. But Kabam itself is a rather big studio today. About 700 people work within its walls around the world.

Source: blogs.wsj.com