EA Buys Into The9

23 05 2007

EA have bought a 15% stake in major Chinese videogame publisher The9. Says Joystiq:

The US-based publishing powerhouse will have 15% of the The9’s common stock, which amounts to US $167 million. The two companies also announced a licensing agreement that makes The9 the sole publisher of FIFA Online in mainland China.

EA had previously half-denied reports of an investment, saying that at the time there was “no signed agreement with The9.” Rumors of an investment date back to at least September 2006.

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