Viacom Game to Buy Xfire for $102 Million
Xfire (www.xfire.com) helps gamers play with their friends much more easily. Xfire is also a server browser, IM and file download system designed just for gamers. Xfire is funded by Draper Fisher Jurvetson, NEA and Granite Global Ventures. Xfire is supported by advertisers and marketers trying to reach the 18-34 male audience.
MTV Networks, a unit of Viacom Inc., is one of the world's leading creators of programming and content across all media platforms. MTV Networks, with more than 100 channels worldwide, owns and operates the following television programming services MTV: MUSIC TELEVISION, MTV2, VH1, mtvU, NICKELODEON, NICK at NITE, COMEDY CENTRAL, TV LAND, SPIKE TV, CMT, NOGGIN, LOGO, MTVN INTERNATIONAL and THE DIGITAL SUITE FROM MTV NETWORKS, a package of 13 digital services. MTV Networks connects with its audiences through its robust consumer products businesses and its more than 90 interactive properties worldwide, including online, broadband, wireless and interactive television services and also has licensing agreements, joint ventures, and syndication deals whereby all of its programming services can be seen worldwide.
Viacom (www.viacom.com) is one of the leading global entertainment content companies offering programming and content for television, motion pictures and digital platforms. Viacom's world-class brands include MTV Networks (MTV, VH1, Nickelodeon, Nick at Nite, Comedy Central, CMT: Country Music Television, Spike TV, TV Land, Logo and more than 100 networks around the world), BET, Paramount Pictures, Paramount Home Ent., DreamWorks SKG and Famous Music.