eGames Global gets US$25m investment from Japan’s JDC

  • Business
  • Saturday, 18 Nov 2006

CYBERJAYA: MSC-status company eGames Global Sdn Bhd has secured an investment of US$25mil from Japan-based trust fund company Digital Contents Trust Inc (JDC) for the development of world-class online content and games. 

The investment by JDC would also help eGames Global make significant inroads into the estimated US$18.2bil world games market, Multimedia Development Corp (MDeC) said in a statement. 

JDC supports the development of the digital content industry and commercialises digital content initiatives while eGames Global, formerly known as Terra ICT Sdn Bhd, is a publisher of online games with Bintai Kinden Corp Bhd as its largest shareholder. 

MDeC said the deal between eGames Global and JDC was signed in Tokyo recently in the presence of representatives from MDeC. 

MDeC facilitated the collaboration under its MSC Malaysia Creative Multimedia Content Initiative, which was intended to develop the Malaysian creative content industry. 

JDC president Hirobumi Doi said the US$25mil investment was for funding games development, including US$17.5mil to be allocated for new game licences. The rest of the fund would be for equity investments and development of current online game titles. 

He said the fund would be disbursed within five years. 

“This is JDC’s first investment in game development and distribution outside Japan,” he added. 

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