Redbox wants to start streaming before Santa comes
Kabam Inc., the maker of Facebook Inc. (FB) games such as “Kingdoms of Camelot,” may hold an initial public offering as soon as next year as it tries to avoid rival developer Zynga Inc. (ZNGA)’s over-dependence on the social network.
“An IPO is a great outcome for a sustainable, attractive, growing business,” Chief Executive Officer Kevin Chou said in an interview, adding that the company is considering holding a share sale in 2013 or 2014.
San Francisco-based Kabam, co-founded by Chou in 2006, has taken a different path than Zynga -- which mostly relies on Facebook to draw participants -- by targeting hard-core gamers and building an audience of users through other channels.
Concerns by investors over Zynga’s reliance on Facebook, which accounts for about 80 percent of bookings, or the total value of goods sold in its games...