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reseronetwork.com

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Portfolio Exits

1

About Resero Network

Resero Network operates PlayStation Trophies and Resero.TV, offering interviews, and reviews on the latest gaming titles, game trailers, and opinions.

Resero Network Headquarter Location

United States

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Latest Resero Network News

Weekend Bites: Mad Catz files for bankruptcy, VideoGamer.com buys Resero Network, The Witcher franchis passes 25-million copy sales, THQ Nordic buys Rad Rogers IP

Apr 3, 2017

All the weekend's news. Mad Catz files for bankruptcy The peripherals company has ceased operations, filing chapter 7 bankruptcy. The process will "initiate an orderly liquidation of the assets of the Company." President and CEO Karen McGinnis said, "Regrettably and notwithstanding that for a significant amount of time the Company has been actively pursuing its strategic alternatives, including various near term financing alternatives such as bank financing and equity infusions, as well as potential sales of certain assets of the Company or a sale of the Company in its entirety, the Company has been unable to find a satisfactory solution to its cash liquidity problems." "The Board of Directors and management would like to acknowledge the outstanding efforts of the Company's employees in support of its business, especially during the time that the Company faced financial difficulties. The Company would also like to thank the vendors and professional service providers who have supported the Company's efforts during this time." Full story Games Industry . VideoGamer.com buys Resero Network Resero Network, the company behind Xbox Achievements and PlayStation Trophies, have been acquired by VideoGamer.com. Editor-in-chief Dan Webb told Games Industry, "Not a lot will change from an editorial perspective, to be completely honest - we're not coming in to rock the boat per se." "We're coming in to apply our years of online experience to kick-start a new era for VideoGamer. We'll work with [VideoGamer editor] Alice [Bell] and [content editor] Colm [Ahern] to get the best out of VideoGamer, and we couldn't be more excited to add such an esteemed brand to our network." No purchase figure was revealed. Full story MCV UK. The Witcher franchis passes 25-million copy sales CD Projekt has announced that the series, made up of three titles, has surpassed 25-million copies sold globally. The company's numbers were down overall for 2016 on the year previous, which was as to be expected with the Witcher 3 releasing in 2015. The company only added its Blood and Wine expansion for the title last year. VP for financial affairs Piotr Nielubowicz said, “These excellent financial results for the past two years enable us to pursue new, ambitious undertakings and further expand our enterprise.” “Key development projects currently underway include Cyberpunk 2077 and GWENT: The Witcher Card Game. In 2016 alone CD PROJEKT spent nearly PLN 56m (£11.3m) on projects in progress." Full story MCV UK . THQ Nordic buys Rad Rogers IP THQ Nordic has acquired Slipgate's Rad Rodgers IP, a '90s-style action platformer. Slipgate, previously know as Interceptor Entertainment, said the title had been developed in the style of Apogee's classic games and with support from 3D Realms. The title will now be published by THQ Nordic for PS4 and Xbox One and joins the likes of Darksiders, Red Faction, Titan Quest and De Blob in the publisher's stable. Full story Games Industry . Advertisement

Resero Network Portfolio Exits

1 Portfolio Exit

Resero Network has 1 portfolio exit. Their latest portfolio exit was VideoGamer.com on August 03, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/3/2022

Acquired - II

$99M

1

Date

8/3/2022

Exit

Acquired - II

Companies

Valuation

$99M

Acquirer

Sources

1

Resero Network Acquisitions

1 Acquisition

Resero Network acquired 1 company. Their latest acquisition was VideoGamer.com on March 31, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

3/31/2017

$99M

Acquired

1

Date

3/31/2017

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

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