SK Telecom Takes $7.8 Million Stake In Online Gamer Magic Tech Network
This story was written by Joseph Weisenthal.
SK Telecom (NYSE: SKM) has taken a 30 percent stake worth $7.8 million in Magic Tech Network, a Shanghai-based online game company Magic Tech is owned by MagicGrids Networks. SKT says it plans to invest $30 million over the next three years into MagicGrids, according to Pacific Epoch, and it plans to actively participate in the development and distribution of online games.
By Joseph Weisenthal