Yahoo! Inc. (YHOO) has acquired Cloud Party
Yahoo! Inc. (NASDAQ:YHOO) has acquiring a virtual world gaming company called Cloud Party. Cloud Party is a multiplayer 3D gaming company that can run games without plugins in a web browser.
Players can build their own avatars and virtual worlds. The financial terms of the deal was undisclosed. Yahoo! Games has a suite of action, board, casino, and strategy games. Adding a virtual 3D component to the Yahoo! Games section could bolster the quality of Yahoo! Games.
“We are very excited to merge the unique perspective and expertise of Cloud Party with a team which is just as passionate about gaming,” stated a Yahoo’s spokesperson about the deal.