Xfire is Acquired by Titan Gaming (Updated)

Xfire was purchased by another company and most of the development team is leaving. VP, Chris Kirmse issued a statement that went out to every xfire user.

August 2, 2010–Xfire has been purchased by another company. Most of the team that has brought you Xfire for the last 6 years is leaving, including me. We’ve enjoyed our time and I personally am sad that I was only able to do 127 releases. Good bye and game on!

– Chris

Unfortunately, more details about the situation are currently unavailable.

Update: Xfire has posted new information. It seems that titan gaming has acquired Xfire for an unknown sum. Here is an official statement from the CEO of Titan Gaming, John Maffei.

August 2, 2010–Titan Gaming acquires Xfire.

Titan Gaming has purchased Xfire. The terms of the purchase are undisclosed. Titan will be taking on the Xfire name. The Xfire services will continue uninterrupted for its users. Xfire redefined how gamers communicate, Titan intends to build upon this tradition and utilize the Xfire platform to help gaming companies better engage and monetize their games..

Here is a bit of a background brought to you by the folks over at techcrunch.com

Xfire, the social network for gamers that was acquired by Viacom for $102 million back in 2006, has a new owner. The buyer is Titan Gaming, a small company that raised a mere $1 million in angel funding to date, so we’re making an educated guess here and going to assume that it was sold for a song compared to the price Viacom paid a couple of years ago.

Sources: xfire.com, techcrunch.com