Tuesday, December 18, 2007

FXLabs Acquires Knibble.com

Hyderabad, India-based FXLabs Studios, a developer of video games, said Monday that it has acquired IMT, Inc., a Los Gatos-based operator of an online casual game portal. FXLabs said it would pay $3M in stock to acquire IMT. Knibble operates an online site which allows game developers to connect with consumers. FXLabs provides game development and outsourcing services.