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China's The9 Acquires Majority of Red 5 Studios for $20M

Shanghai - The9 (NASD: NCTY), a developer and operator of multiplayer online games in China, announced on Monday that it has acquired a majority stake in U.S.-based developer...

In-Game Ad Network Double Fusion Gets Funding, Replaces CEO

San Francisco - Double Fusion, the provider of an in-game advertising network, has raised an undisclosed amount of new funding from Jerusalem Venture Partners, and also replaced...

Nintendo Pushing DS as Educational Tool in Schools

London - Nintendo plans to market its Nintendo DS handheld game system as an educational and teaching tool in Japanese schools this year, legendary game designer Shigeru...

President of Chinese Games Firm The9 to Step Down

Shanghai - Chinese online game developer and operator The9 announced on Friday that company president Xiaowei Chen will not renew her contract, which expires on May...

LucidLogix Raises $8 Million for Game Graphics Chips

Santa Clara, Calif. - LucidLogix Technologies, an Israeli developer of processors designed to improve visual computing in business and gaming applications, said on Wednesday that it has...

Playdom Invests $5 Million in Argentina's MetroGames

San Francisco - Playdom, a publisher of social games that recently raised $43 million in financing, has invested $5 million in the first round of funding...

World Golf Tour Lands $10 Million for Online Game

San Francisco - World Golf Tour, the operator of an online golf game, has raised $10 million in its third round of funding, led by JAFCO...

Universal Music Releases "Six-String" iPhone Game

Los Angeles - Major record label Universal Music Group on Tuesday introduced its own guitar-simulation game application for Apple's iPhone. "Six-String" challenges users to pluck, strum and...

Report: Yahoo to Buy Mobile App, Game Developer Citizen Sports

Sunnyvale, Calif. - Looking to further bolster its strong sports content business, Yahoo (NASD: YHOO) is expected to acquire Citizen Sports, a developer of sports apps and games...

Gaikai Lands Investment for Cloud-based Game Service

Aliso Viejo, Calif. - Gaikai, the developer of a cloud-based online games service, has raised new financing from Triplepoint Capital to lease a network of servers for...