The additional capital will help Oberon achieve its growth potential, and further position the company for future success. The company will focus on executing current products and plans, and on development of strategy for long term success in the business-to-business and direct to consumer game publishing segments.

"Oberon Media will leverage its assets to compete in the rapidly evolving - and expanding -digital games industry," said new acting CEO David Lebow. "By navigating successfully through this dynamic market space, Oberon will be positioned to meet consumers' demands wherever and however they choose."

Tal Kerret, Chairman of the Board of Oberon, said, "I'm excited about David joining, bringing to Oberon his experience in the media and technology space. The board is looking forward to evolving the company's strategy, and to being a market leader well into the future."

"Today's announcement represents a new chapter in Oberon's history and growth," said Oberon Co-Founder and former CEO Tomer Ben-Kiki. "I am excited by this transition, and confident that David and the senior management team will steer the company towards continued success."

"Oberon Media has terrific potential for growth and expansion," said Mr. Lebow. "The company has built a worldwide franchise in a highly competitive industry. I look forward to working with the three founders, the board, and all of the talented Oberon staff in the coming days to expand on our position of market leadership, growth and excellence."

The internal shareholders investing in the round of financing include certain investment funds managed by Goldman Sachs Asset Management, Oak Investment Partners, and Infinity I-China.

Goldman Sachs' Gaurav Bhandari said, "We are excited about the appointment of a veteran media company executive like David who will help Oberon achieve its potential and take the company to the next level."