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Old Jun 20, 2008, 10:58 AM   #1
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SouthPeak Secures $12.9M Funding For Expansion

Publisher SouthPeak Interactive (Two Worlds) has secured $12.9 million in a private investment in public equity (PIPE) transaction, according to a report from VC news weblog VentureBeat.

The financing of its forthcoming mainstream PC and console titles runs contrary to the current trend of venture funding for mostly online games, casual games, virtual worlds, and social networking games.
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Source: Gamasutra
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