Linktone Acquires Mobile Game Developer
PR Newswire, 1/13/10
Chinese wireless value-added services provider Linktone (Nasdaq: LTON) today announced that it has entered into a definitive agreement to acquire a controlling interest in Chinese mobile and online game developer Letang Game. Under the terms of the transaction, Linktone has agreed to pay up to USD 9.15 mln in cash to acquire 50.01% of the equity of Letang. Letang will receive USD 2.56 mln in cash at the closing of the acquisition, with the remainder of the consideration payable upon the achievement by Letang of certain financial milestones during years 2010 and 2011.
Keywords: Letang wireless Linktone LTON SP mobile gaming online gaming WVAS M&A
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