GoPets has received a strategic investment from Liberty Media Corporation (LCAPA).
Other key investors in GoPets include China's Tencent Holdings Limited and Korea's Nexon Corporation. Tencent provides a large range of China-based Internet and mobile value added services, such as instant messaging, online games and virtual pets. Nexon is the operator of Crazyracing Kartrider in Korea.
Martin Lau, President of Tencent, said, "We feel excited about the strategic value and operational benefits to be created out of this global line-up which puts GoPets in a more advantageous position to develop and market its innovative products worldwide."
Based in Korea, GoPets is a world of interactive 3D pets that roam freely across the Internet, visiting desktops of community members to socialize, play games and create global friendships among GoPets players.
Terms of the transaction were not disclosed. The transaction closed during the fourth quarter of 2006 and Liberty will attribute GoPets to its Liberty Capital tracking stock group.