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NEW YORK Gaia Online, a virtual world aimed at teens, said it has received an investment from Time Warner as part of a $12 million round of financing completed last year.
Financial terms of the deal were not disclosed, but Gaia officials said Time Warner did not gain any managerial influence over the company as a result of the investment. Just last month, a similar investment from Sony Pictures was disclosed.
Gaia is one of a handful of avatar-filled virtual worlds that are drawing noteworthy numbers of teens and children.
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