Monday, April 09, 2007

The9 Ltd. (NCTY) Higher on Reports of Electronic Arts (ERTS) Stake

According to reports from Reuters, citing Shanghai Securities News, Electronic Arts (Nasdaq: ERTS) is in a deal to acquire 19% of The9 Ltd. (Nasdaq: NCTY) for about $200 million.

A follow-up report quoted Electronic Arts as saying they have no such plans.

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