Yahoo buys mobile game start-up company Lokistudios

Sina Science and technology news Beijing time May 11 morning, Yahoo announced in Friday on Twitter, the recent acquisition of Astrid, Gopollgo, Milewise and Loki UBM and other start-up companies, thus recruiting 22 mobile industry entrepreneurs. Among them, Yahoo bought mobile game start-up company Lok UBM Trading for the first exposure. Loki has announced the deal on the company's website. "It is a difficult and rewarding journey," the company said. We work closely with excellent support communities to continually iterate and improve game Geomon. We are fortunate to have the guidance of the best instructors in the industry and to become friends with many of our peers in the development process. At present our journey will continue and we are delighted to join Yahoo. We are fully convinced of their determination to develop outstanding mobile products. We are delighted to learn from, work with and contribute to one of the most renowned pioneers in the technology industry. "The announcement was signed by 7 members of the Loki team, so Loki's entire team is likely to join Yahoo." The company was born in StartX, a start-up incubator project, and was previously supported by the DCM Android Fund. It is not clear what Yahoo will do with Loki technology. Loki focuses on location-based games, and the company's current Geomon is just such a game. Loki wants to incorporate the user's location information, including weather, temperature, current time, season, and geographic location into the game, so "the experience of playing games on a sunny beach is quite different from a cold winter night." Yahoo official has confirmed the deal. Yahoo said it would not publish the terms of the deal and Geomon would be closed. (D-Gold)