© The Financial Times Ltd 2014 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
Club Penguin, the Disney-owned social network for children, is to make its debut on mobile devices with the release of Puffle Launch for iOS, Mashable reports. Puffle Launch for iOS is a replica of an existing Club Penguin web game which is played by 150,000 children each day. Read more
Tech news from around the web:
- Eduardo Saverin, the co-founder of Facebook, has taken the lead in a fresh round of financing for Jumio, the one-click mobile and online payments system, TechCrunch reports. Mr Saverin put up more than half of the round, about $6.5m, alongside other private investors.
Zynga, maker of the popular social game, wants to find out.
To do so, the San Francisco company is entering into a joint venture with Softbank to develop and distribute games in Japan. As part of the deal, Softbank is investing $150m in Zynga, and will help launch the new business unit, Zynga Japan, in Tokyo.
Details of the partnership are scarce, but it will be interesting to see how Zynga’s games go over in Japan, a difficult market for foreign companies to crack. The deal also brings social gaming, which originated in Asian markets, full circle. Read more
- A seven-year battle between the US Federal Trade Commission and Rambus, the memory-chip specialist, has ended in defeat for the FTC. The regulator had ruled that Rambus plotted to get secretly patented technology it developed included in industry standards, but an appeal court had thrown out its ruling and, on Thursday, the FTC dropped the rest of its case.
- Nintendo was the big winner in April in the US video game market. According to the NPD research firm’s monthly figures, it sold 1.08m units of its dual-screen handheld console following the introduction of the new DSi model on April 5. That was nearly double unit sales of 563,000 in March.
- Skype is expanding its push into mobile with the release of its iPhone application. The move is unlikely to threaten major telecom carriers, but may better position Skype for an eventual sale from parent company eBay.
- Even as TV and print advertising shrunk during the recession, internet advertising remained strong in 2008, topping $23bn. Search remained the dominant form of online advertising, but spending on video, while still a small piece of the pie, more than doubled to $734m.