CJ Games sold all of Softmax shares

CJ Games, a subsidiary of CJ E&M, sold all of Softmax shares at 6,300 million Korean Won (about $5.57 million. They had 7.73% of Softmax shares. The analysts said it would be a decision for focusing more on mobile games.

When CJ Games bought shares of Softmax and became the 2nd largest stockholder, analysts said it is for MMORPG The War of Genesis 4.

It has been known that CJ Games has not made a decision on how to use this extra funds in the future.

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