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Xfire, the game-themed messaging and social networking service, has changed hands in a very surprising deal that was made public late on Monday night. Titan Gaming, a relatively new company, has purchased Xfire from Viacom subsidiary MTV Networks. Xfire was founded in 2002 and slowly grew its user base for its chat messaging service. It now claims to have over 16 million registered users. In 2006 MTV bought Xfire for over $100 million. Details of how much Titan Gaming paid for Xfire this week have not been made public.

According to a statement on the Xfire web site, "Titan will be taking on the Xfire name, with a focus towards ongoing innovation in the gaming space. 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 their users. We look forward to continuing and expanding upon the Xfire service." Titan Gaming, according to its own official web site, has been around since 2006 and has been developing technology for "skill-based matchmaking, tournaments and points or cash competitions."