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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...

Report: U.S. Video Game Sales Down 15% in February

Port Washington, N.Y. - U.S. video game sales were down 15% in February, the second straight month of decline, to $1.26 billion, according to sales data...

Dolby to Bring Axon 3D Voice Chat to PS3, Xbox, Mac

San Francisco - Dolby Laboratories announced on Thursday that it plans to extend its Axon surround-sound voice chat platform beyond PC games to the PlayStation 3,...

Sony Unveils PlayStation Move Motion Controller for PS3

Tokyo - Sony (NYSE:  SNE) Computer Entertainment on Thursday unveiled its PlayStation Move motion-sensitive controller for the PlayStation 3, which it plans to release in the fall....