Giant, Huayi Brothers to Co-Operate King of Kings III

Giant PR, 12/07/10

Chinese gaming company Giant Interactive (NYSE: GA) has announced that it has entered a binding framework agreement with Huayi Brothers (300027.SZ) to co-operate Giant's self-developed 3D fantasy MMORPG King of Kings III.

After the transaction is completed as defined by the framework agreement, Giant and Huayi Brothers will jointly own a new entity called Beijing Huayi Giant Information Technology Co., Ltd., which will obtain the intellectual property of King of Kings III and its development team from Giant. Huayi Brothers will become the majority shareholder, while Giant and the development team of King of Kings III will become minority shareholders of the joint venture.

Editor's Note: For more background on this topic, please see "Rumor: Giant, Huayi Brothers to Partner on Online Gaming" MD 12/07/10 issue.

Keywords: Huayi Giant Information Technology Giant Interactive King of Kings III online gaming Internet MMORPG GA Huayi Brothers self-developed game 3D game JV 300027.SZ

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