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Intellectual Property Sale

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XL Games sells off most of the ArcheAge property to Kakao Games-owned entity

XL Games has sold the majority of the ArcheAge intellectual property, including sequels and ArcheAge S development, to Kakao Games' Align Studio for approximately $30 million. XL Games will retain ownership of ArcheAge Chronicles and ArcheAge War, and the right to develop new games.