• The New York Times, Tuesday, April 19, 2011 12:15 PM

The New York Times pays a visit to MySpace co-founder Christopher T. DeWolfe, and his latest project: MindJolt, a profitable gaming start-up with more than $20 million in revenue and 20 million monthly users. Just last week, MindJolt acquired two game companies, Social Gaming Network and Hallpass Media -- "effectively doubling its staff to 80 and adding mobile games to its stable of Web offerings," according to NYT.

Coming full circle, "DeWolfe, who is considered to be one of the many bidders weighing a purchase of Myspace," NYT writes, citing a single source. Bigger picture, "The deals diversify us in a huge way, and it positions us very well for the future, in terms of the growth of the smartphone market," DeWolfe says.

Regarding MySpace, DeWolfe would only say it is an "interesting" asset. MindJolt, meanwhile, remains a small fish an a multibillion-dollar online game market dominated by whales like Zynga and Electronic Arts. "With its latest acquisitions, "MindJolt is building its user network and breaking into the increasingly lucrative mobile entertainment market."

Read the whole story at The New York Times »