Why NetEase (NTES) Shares Are Gaining Today - NetEase (NASDAQ:NTES)

China-based internet and online game services provider NetEase Inc NTES said its games division, NetEase Games, has acquired Quantic Dream S.A. The financial terms were not disclosed.
NetEase Games originally acquired a minority stake in Quantic Dream in 2019.
Quantic Dream studio, established 25 years ago in Paris, France, is the creator of games such as Heavy Rain, Beyond: Two Souls and Detroit: Become Human. The studio announced at The Game Awards 2021 that it is collaborating with Lucasfilm Games on the new action-adventure game, Star Wars Eclipse.
Also Read: NetEase Registers 13% Revenue Growth In Q2 Backed By Gaming Strength
Quantic Dream creates games with a strong narrative focus and nonlinear stories that reward players' choices.
Quantic Dream, led by David Cage and Guillaume de Fondaumière, will become NetEase Games' first studio in Europe.
Quantic will continue to operate independently, focusing on creating and publishing its video games on all platforms.
Price Action: NTES shares are trading higher by 3.52% at $89.64 in premarket on the last check Wednesday.
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NetEase Acquires 'Star Wars Eclipse' Game Developer Quantic Dream, Marking First Studio In Europe