Report: IAC to buy majority stake in GarageGames
In addition to buying large share of game developer, media company will fund new Internet action games, according to news report.
IAC/InterActiveCorp is planning to announce on Tuesday that it has taken a majority stake in game developer GarageGames.com to anchor a soon-to-be launched gaming site, The Wall Street Journal reported on its Web site.
Terms of the deal were not available, the report said. IAC also plans to announce a multimillion-dollar fund to develop new Internet action games, the report said. IAC was not immediately available for comment.
Gaming Guides
Virtual Reality Gaming
PlayStation
Xbox
Other Gaming
Video Games
Gaming Coupons