Key Developments For Netease.com Inc
Netease.com Inc (NTES.O) (Nasdaq)
NetEase.com, Inc. and Blizzard Entertainment, Inc. To Introduce StarCraft II and Battle.net Platform into Mainland China
NetEase.com, Inc. and Blizzard Entertainment, Inc. announced an agreement to license Blizzard Entertainment's StarCraft II, Warcraft III: Reign of Chaos, Warcraft III: The Frozen Throne, and Battle.net platform, which provides online multiplayer services for these games, to Shanghai EaseNet Network Technology Limited, an affiliated company of NetEase.com, Inc. Blizzard Entertainment and NetEase have also established a joint venture, which will provide support for the operation of the licensed games and Battle.net platform in China. The term of the license will be three years, with a mutual one-year renewal period, commencing from the commercial release of StarCraft II in the PRC. Under the agreements, Shanghai EaseNet will pay a revenue-based royalty over the license period, while NetEase will pay a milestone-based license fee and fund and guarantee certain additional payments and operating expenses in connection with the joint venture.
NetEase.com, Inc.'s Board Approves New Share Repurchase Program
NetEase.com, Inc. announced that its board of directors has approved a new share repurchase program of up to $120 million of the Company's outstanding American Depositary Shares (ADSs) for a period not to exceed 12 months. The new authorization follows the Company's completion of a share buyback program previously announced on March 13, 2007 pursuant to which approximately 5.3 million of the Company's issued and outstanding ADSs were purchased for an aggregate purchase consideration of $95.7 million.
NetEase.com, Inc.'s Board Approves New Share Repurchase Program
NetEase.com, Inc. announced that its Board of Directors has approved a new share repurchase program of up to $100 million of the Company's outstanding American Depositary Shares (ADSs) for a period not to exceed three months. The new authorization follows NetEase's completion of a share buyback program previously announced on August 29, 2006 pursuant to which approximately 3.6 million of the company's issued and outstanding ADSs were purchased for an aggregate purchase consideration of US$60.1 million (including transaction costs). Under the terms of the approved program, NetEase may repurchase its issued and outstanding ADSs in open-market transactions on the NASDAQ Global Select Market.
NetEase.com, Inc. Issues Q4 2006 Guidance-Conference Call
NetEase.com, Inc. announced that it expects fourth quarter 2006 revenues of $65.4-$67.6 million and net income of $32.3-$34.3 million.
NetEase.com, Inc. Approves New Share Repurchase Program
NetEase.com, Inc. announced that its Board of Directors has approved a new share repurchase program of up to $100 million of the Company's outstanding American Depositary Shares (ADSs) for a period not to exceed six months. The new authorization follows NetEase's completion of a share buyback program previously announced on May 18, 2006 pursuant to which approximately 2.4 million of the Company's issued and outstanding ADSs were purchased for an aggregate purchase consideration of $50.3 million (including transaction costs). Under the terms of the approved program, NetEase may repurchase its issued and outstanding ADSs in open-market transactions on the NASDAQ Global Select Market.
