Loki Studios Acquired by Yahoo!

Loki Studios, a San Francisco, CA-based creator of location and environment-aware smartphone games, has been acquired by Yahoo! (Nasdaq: YHOO).

The amount of the transaction was not disclosed.

Co-founded by Ivan Lee (CEO), Juan Batiz-Benet (CTO), Rico Roque (Chief Creative Officer) and Brian Laub (Project Manager/Software Engineer) developed a location-aware a monster battle game called Geomon.

Following the close of the deal, Loki Studios’ team will join Yahoo! to continue to create mobile products (read here their thanking letter).

The company was backed by DCM (read here).



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