NEW YORK (AP) ¿ Shares of The9 Ltd. fell Thursday after the Shanghai-based online game operator said its license to operate the popular game "World of Warcraft" will be granted to a competitor after it expires. The9's American depositary shares fell 70 cents, or 7 percent, to $9.26. The9's license for "World of Warcraft" is set to expire in June. Blizzard Entertainment Inc., which owns the game, said Thursday that an affiliate of Beijing-based NetEase will get a three-year license to run the game in mainland China once the current license deal ends. Last summer, Blizzard and NetEase announced they would partner on the operation of Blizzard games "Warcraft III," ''StarCraft II" and the Battle.net gaming platform. NetEase.com Inc. American depositary shares rose 81 cents, or 2.7 percent, to $30.60.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Investing
Jim Cramer: Target Just Out-Executed Everyone This Quarter
Target CEO Brian Cornell is doing everything better -- from the stores, to the systems, to the customer acquisition, to the convenience.
Qualcomm Slumps After Federal Court Rules in Favor of FTC in Antitrust Dispute
Qualcomm shares were indicated sharply lower Wednesday after a federal judge has ruled in favor of the U.S. Federal Trade Commission in a long-running antitrust dispute over patents and licensing.
Lowe's Misses Q1 Earnings Forecast, Cuts 2020 Outlook, As Retailers Struggle
Lowe's posted weaker-than-expected first quarter earnings Wednesday, and trimmed its full-year outlook as rising costs hit profit margins, amid a series of disappointing reports from U.S. retailers.
Jim Cramer: 3 Signals That a Company Will Fall Short of Earnings Expectations
Worried about a company ahead of its earnings report? Here are three things that Jim Cramer watches for when a company is looking like it may miss earnings expectations.
Dow Futures Slip, Global Stocks Flat, Amid Report US Targeting More China Firms
Global stocks edged lower Wednesday, pulling Wall Street futures modestly lower, as investors faded a move by the White House to ease restrictions on China's Huawei Technologies to focus on worrying signals of slowing economic growth and geo-political uncertainty.