BesTV to Acquire 7FGame
Shanghai Stock Exchange, 7/22/13
Shanghai Media Group subsidiary BesTV New Media (600637.SH) has announced in a regulatory filing that the company is engaged in preliminary negotiations with Shanghai-based online game developer and operator Qifan Digital Technology (7FGame) over the possible acquisition of 7FGame.
7FGame is asking for a sale price of RMB 2.7 bln, according to the filing. Established in 2006, 7FGame specializes in the development and operation of online games as well as gaming platform services.
Keywords: Shanghai Media Group television 7fgame BesTV 600637.SH online gaming M&A
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