CDC Press release, 3/06/08
CDC Corporation's (Nasdaq: CHINA) online game subsidiary CDC Games and Korean game developer Mgame, have announced today a comprehensive settlement of their legal disputes and the end of all outstanding litigation between the two companies.
Under the terms of the resolution, CDC Games will have exclusive distribution rights to Yulgang in China until March 2010 with an option to extend for an additional year. The companies also agreed to work together to launch the Version 2.0 upgrade to Yulgang.
To view the full text of this press release, please click here.