MySpace co-founder Chris DeWolfe, who left the social-networking company in 2009, is part of a group buying MindJolt, a Facebook online game provider, just like the immense popular Zapapa. DeWolfe, along with former MySpace executives Colin Digiaro and Aber Whitcomb, made the acquisition with Austin Ventures, San Francisco-based MindJolt said today in a statement. MindJolt provides access to 1,300 games on the Web and has more than 20 million active users on Facebook and other sites, according to the statement. Terms weren’t disclosed. DeWolfe, who will be chief executive, left MySpace in April, about four years after selling the social network to News Corp. as part of a deal worth $580 million. With MindJolt, DeWolfe is trying to capitalize on the increasing number of people who play games on Palo Alto, California-based Facebook. Zynga Game Network Inc., the biggest maker of games on Facebook, is worth $2.61 billion, according to SharesPost Venture-Backed Index, which tracks trading of shares in private companies. MindJolt gives developers tools to distribute games on social networks and collect revenue, according to the statement. The U.S. market for games played on social-networking sites, including Facebook and MySpace, will triple to more than $2 billion in 2012, according to ThinkEquity LLC.
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