Atul Bagga

Virtual goods give Web firms new revenue in ad slump

SAN FRANCISCO (Reuters) - The Internet made shopping without checkout lines a no-brainer. Now, some Web companies are betting that people are ready to forsake another shopping tradition: tangible products.
 

Icahn reports 11.3 pct stake in Take Two

SAN FRANCISCO (Reuters) - Activist investor Carl Icahn reported an 11.3 percent stake in U.S. video game publisher Take Two Interactive Software Inc <TTWO.O>, sending its shares up 3.5 percent.
 

GigaMedia to sell stake in online gambling unit

BANGALORE (Reuters) - Online gaming software firm GigaMedia Ltd said it would sell 60 percent of its online gambling software business to France's Mangas Gaming, sending its shares up as much as 15 percent.
 

China bureaucratic war over online Warcraft heats up

BEIJING (Reuters) - China's Culture Ministry has accused the publishing watchdog of abusing its authority by threatening access to the popular online game, World of Warcraft, stoking bureaucratic rivalry over control of the Internet.
 

In China, Games Get Serious

When Sohu.com, a leading Web portal in China, announced plans last year to spin off its fast-growing online games business, investors balked.
 

NetEase's Q1 Sales Fail To Meet Views As Ads Tumble 47%

Shares of NetEase.com (NTES) fell 5.2% on Wednesday after the Chinese online company reported sales that lagged views and failed to provide details of a recent, potentially blockbuster, games contract.