The9 Limited acquires a majority interest in Red 5 Studios

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FDN Database Reference:  F231109-362
The9 Limited (Nasdaq: NCTY), an online game developer and operator in China, is to invest a total amount of approximately US$20 million for a majority interest Red 5 Studios, Inc., an online game developer in the United States.
Aprox. Value:  Approximately US$20 million for a majority
Acquirer:  The9 Limited
ACQ Web: 
Location:  China, Shanghai
Region:  Asia
Description:  Online game operator and developer in China. The business is primarily focused on developing and operating games for the online game market. The9 Limited directly, or through affiliates, operates licensed MMORPGs and advanced casual games including Soul of The Ultimate Nation, Granado Espada, EA SPORTS FIFA Online 2 and Atlantica, as well as its proprietary games World of Fighter and Jiu Zhou Zhan Ji, in mainland China.
Category:  Online games
Contact:  Mr. Jun Zhu, Chairman and Chief Executive Officer 
Vendor:  Red 5 Studios
Vendor Web: 
Location:  USA, Irvine, CA
Region:  North America
Description:  Online game developer located in California, formed in 2006 by former executives and developers from Blizzard Entertainment.
Category: Online games
Contact:  Mark Kern, Chief Executive Officer 
Link: Press Release

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