UCWeb Confirms Acquisition of PP Assistant
China Business News, 12/09/13
Zhu Shunyan, COO of mobile browser developer UCWeb, confirmed on December 7 that UCWeb is nearing completion of its acquisition of Teiron Network Technology, operator of mobile app store PP Assistant. Speaking during a global mobile game trend summit organized by the company's mobile online games distribution channel 9game.cn, Zhu declined to provide further details of the acquisition. Previous rumors have suggested the acquisition amount is approximately USD 100 mln.
Editor's Note: For more background on this topic, please see "Rumor: UCWeb Nears Completion of PP Assistant Acquisition" MD 11/25/13 issue.
Keywords: Zhu Shunyan wireless UCWeb app store PP Assistant Teiron M&A
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