Zeebo Raises $8 Million To Build Low Cost Game Console

Zeebo has raised $8 million in funding from Qualcomm and Tectoy S.A. Zeebo is building a low cost game player that uses wireless technology. Zeebo users can buy games at a low cost and download them directly to the console. The idea for this console is to be affordable in third world countries. Zeebo has deals in place with EA, Gameloft, Activision, and at least 20 other developers. [alarm:clock]

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