The9 (NASDAQ:NCTY [https://seekingalpha.com/symbol/NCTY]) on Friday said [https://seekingalpha.com/pr/20238128-the9-announces-jv-acquisition-to-operate-proprietary-mobile-games-ultraman-hero-beyond-time] that its wholly-owned subsidiary, Shanghai The9 Information Technology Co., has entered into a definitive agreement with Shanghai ZhongShun HengXin Network Technology to acquire 51% equity of Shanghai ZhongXinShun Network Technology.
ZhongShun will contribute the exclusive rights of its two proprietary mobile games to the joint venture.
The consideration of the joint venture's 51% equity includes RMB69 million (approximately $9.7 million) and The9 restricted shares with a value of RMB46 million (approximately $6.5 million).
Both payment of cash and restricted shares are based on installments and are only payable according to the actual achievement of the joint venture's profits as committed by ZhongShun in the coming 3 years.
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* Financial information for The9 Limited [https://seekingalpha.com/symbol/NCTY/income-statement]
The9 buys 51% of gaming JV for $16.2M
Published 1 month ago
Sep 19, 2025 at 6:30 AM
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