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Microsoft Corporation will be have a $12.3 million stake in Chinese game maker Changhong Electric Company after purchasing 15 million of its shares. The two companies plan to work together to develop entertainment products that can be accessed by the internet like "Media Galaxy", a project that is already on the table. This product will link televisions to personal computers at home over the internet. Merging TV functions with online computer capabilities is something the Chinese firm has already been working on, but the details on exactly what "Media Galaxy" is or used for are scarce. Kim Phu
UPDATE: Microsoft Takes $12M Stake In Chinese Game Maker [CNN Money]
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