Changyou.com Buys Stake in Shenzhen 7Road

Publicly traded online game developer Changyou.com will acquire a majority stake in Shenzhen 7Road Technology Co. in a deal valued at up to $101 million. China-based Changyou.com will take a 68.2% stake in the web-based game company, paying $68.26 million in cash, plus an additional earn-out of up to $32.7 million. The deal is expected to close by the end of June.

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