Wednesday, February 25, 2009

Crave Entertainment Acquired By New York Firm

Newport Beach-based Crave Entertainment, a video game firm owned by Handleman Company, has been acquired by New York-based Fillpoint LLC, a provider of online distribution, fulfillment, and e-commerce services to the video game industry. Financial terms of the acquisition were not annnounced. According to Fillpoint, Crave will remain in Newport Beach. Crave was sold alongside another Handleman property, SVG Distribution, which is a distributor of video games. According to a regulatory filing of publicly listed parent firm Handleman, the two companies went for $8.1M. Crave develops titles for the Wii, Nintendo DS, PSP, Playstation 2, Playstation 3, and Xbox 360 game consoles.

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