Israeli startup headlines for March including new fundraising rounds, product launches, M&A deals, cleantech headlines and Israeli venture capital news, curated by VC Cafe, the home of Israeli startup news since 2005.
After Layoffs and Profit Warnings, 888 Buys Mytopia’s assets for $18 million
Online gambling giant 888 acquired the assets of American-Israeli casual game studio Mytopia from Real Dice, Mytopia’s parent company. According to VentureBeat Games, the deal is estimated at $18 million, but could reach up to $48 million if Mytopia’s assets hits certain revenue milestones by 2011.
