Chinese online game developer The9 Limited has acquired a majority stake in Red 5 Studios, the internet gamer led by members of the team behind World of Warcraft, for roughly $20 million. The investment comes just three months after Irvine, CA-based Red 5 initiated a major restructuring that resulted in as many as 30 staffers being laid off. Around the same time, the company said it had taken on additional cash from an unnamed
Online Gamer Red5 Studios Reveals $20 Million Investment From China’s The9

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