In March 2010 it was revealed that Chinese company The9 has acquired a majority stake in Red 5.
Red 5 Studios is a computer game company currently most known for their high ratio of former employees of Blizzard Entertainment. The founders previously worked on World of Warcraft. Mark Kern was Team Lead, William Petras was Art Director, and Taewon Yun was part of the company's Korean operation which oversaw the launch of World of Warcraft in Asia. The company will be focusing on creating Massively Multiplayer Online Entertainment. They are currently developing Firefall. Out of the four members who started up Red 5, only Mark Kern remains, and is now the current CEO of Red 5 Studios.
Source: Wikipedia, Red 5 Studios , available under the CC-BY-SA License