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After Layoffs and Profit Warnings, 888 Buys Mytopia’s assets for $18 million

VC Cafe

According to VentureBeat Games , the deal is estimated at $18 million, but could reach up to $48 million if Mytopia’s assets hits certain revenue milestones by 2011. In recent months, Mytopia changed its focus and began offering Particle Code, a cross-platform application development framework for mobile devices and tablets.

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Special: 72 Israeli Companies Exhibit at the 2010 Mobile World Congress

VC Cafe

After a somewhat disappointing congress in 2009, in which companies showcased products from previous years, this year is expected to be faster, greener and ‘cloudier’ Looking at the conference agenda , it’s not hard to spot the trends for 2010: Mobile Clouds – additional storage and new revenue streams to operators.

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