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Article: CDC Games Invests in MGame
- Article from:
- Wireless News
- Article date:
- March 24, 2007
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Wireless News
03-24-2007
CDC Games Invests in MGame
WIRELESS NEWS-March 24, 2007-CDC Games Invests in MGame (C)2007 10Meters - http://www.10meters.com
CDC Games, a business unit of CDC Corp. and provider of the "free- to-play, pay-for-merchandise" model for online games in China, announced it has signed a definitive agreement to make a strategic investment in MGame Corp., a South Korean developer of online games including Yulgang, CDC Games' licensed free-to-play game in China.
CDC Games will be the company's largest external shareholder and John Lee, president of CDC Games Corp., will serve as a board observer of MGame.
Through the equity investment, CDC Games has changed from a ...