The internet company's newly formed Games Investment Division will invest up to $100m in game developers and publishers in the form of equity, acquisitions and royalty deals.
Russia-based online communications and entertainment provider Mail.Ru launched a corporate venture capital unit yesterday that will invest up to $100m in game developers.
Mail.Ru’s Games Investment Division will invest in domestic and international game studios and publishers, and has already allocated the first $10m of capital, though it did not disclose which companies will receive the funding.
In addition to equity financing, the fund will also consider acquisition deals and royalty investments. Mail.Ru’s gaming business currently consists of more than…
