Air Network announces acquisition of smartphone game engine Noumena

Sina Science and technology news Beijing time of February 15 night, the Air Network (Nasdaq:kong) announced today, and the smartphone game Engine company Noumena Innovations (hereinafter referred to as "NI") signed a final agreement,　　Will buy NI 100% stake in $15 million in cash and 40 million shares of company shares (equivalent to 1 million ads), as well as some of the assets of third parties related to NI. 15 million of the cash will be paid within three years of the completion of the transaction, while 40 million shares will be subject to a three-year lock-up.　　The Air Network board has approved the deal, which is expected to be completed in the first quarter of 2012. NI is the developer of Cross-platform smartphone game engine Handymo, Handymo based on the autonomous JavaScript development environment, supports all major smartphone gaming platforms, including iOS, Android and HTML5, for faster and more efficient deployment of smartphone games, Includes 3D large multiplayer online games.　　Based on the Handymo game engine, NI has developed a number of successful "free Value Added" (Freemium) games for iOS and Android platforms, such as 3D billiard Masters (3D Pool master) and HD 3D version of Tank rage (Tank Fury HD 3D). The air network plans to integrate NI team into the company's current mobile gaming development team, using HANDYMO game engine technology to develop new smartphone games. The network believes that with the company's current game distribution channels, these new games will win more market share. In addition, the new games will expand the online smartphone gaming market in the air network overseas. (Li Ming)