You may remember The9 as the developer in charge of World of Warcraft’s operations in China up until 2009 when operations moved over to NetEase. The9 is also the parent company of Red 5 Studios, the creators of the oft-delayed and ever changing MMO shooter Firefall. As reported by GamesIndustry.biz, The9 plans on issuing $24 million in stocks to Shanghai Oriental Pearl Culture Development Ltd. That name may be a mouthful, but if the deal goes ahead as planned, Oriental Pearl will have a twenty percent stake in the company.
Firefall is valued at $100 million and is currently in open beta/soft launch.
(Source: Gamesindustry.biz)
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