Rumor: Eedoo Sold to Unnamed Software Company

Sohu IT, 7/10/13

Chinese consumer electronics manufacturer Lenovo's (0992.HK) digital home entertainment subsidiary Eedoo Technology has been acquired by an unnamed software company, according to industry sources.

Eedoo's development team, led by Eedoo CTO Ma Chunchen, has been transferred to the acquiring firm, while R&D, administrative, and HR personnel have stayed behind to ensure a smooth transition. Employees made redundant due to the acquisition will not receive severance pay.

Eedoo Technology was established by Lenovo in July 2010 as an interactive game equipment developer.

Editor's Note: For more background on this topic, please see "Eedoo Fires Head of Marketing" MD 7/03/12 issue.

Keywords: consumer electronics hardware Lenovo 0992.HK Eedoo M&A Ma Chunchen console gaming

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily