CJ Games, a subsidiary of CJ E&M, sold all of Softmax shares at 6,300 million Korean Won (about $5.57 million. They had 7.73% of Softmax shares. The analysts said it would be a decision for focusing more on mobile games.
When CJ Games bought shares of Softmax and became the 2nd largest stockholder, analysts said it is for MMORPG The War of Genesis 4.
It has been known that CJ Games has not made a decision on how to use this extra funds in the future.
SOFTMAX, a Seoul-based game developer, disclosed that the company is developing the successful franchise The War of Genesis Online (창세기전 온라인: Kor). The company is currently planning a CBT sometime next year.
For those who haven’t heard of or not familiar with this game, it is a package Strategic RPG PC game- which was a kind of rare breed in Korea at that time and still is- originally developed in 1996. Total 6 series of this franchise game (the last release was The War of Genesis 3 Part 2 in 2000) have been sold over 1,000,000 copies.
It was also reported that the company secured a funding for game development, which is 4,000,000,000 Won (roughly US$ 3.1 million).
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