Electronic Arts, the world’s biggest game publisher, has bought a stake in South Korea’s Neowiz for about $105 million and jointly develop games for Asian markets, reports Reuters. When the deal closes, EA will become Neowiz’s second biggest shareholder after the Korean firm’s CEO, with about 19 percent of common stock equivalent.
WSJ: Founded in 1997, Neowiz of Seoul is one of the leading online game companies in Korea, with expected revenues of $150 million for fiscal 2007. One of its most popular titles is a shooter game called Special Force. The two partnered last year to launch the online version of EA’s popular FIFA sports game.
More details in release here.