Shanda Game 80 million dollar acquisition game maker Mochimedia

Source: Internet
Author: User
Keywords Shanda Games takeover quotes game releases mochi
January 12 Afternoon news, Shanda Games announced today the acquisition of game distribution and built-in advertising platform Mochi Media (gym) company, to accelerate the pace of the overseas market.  The acquisition was priced at $60 million in cash and 20 million dollars in Shanda games, and the deal will be completed in the first quarter of 2010. It is reported that Shanda game acquisition Mochi Media is the most important is its global game distribution platform and a large number of partners, to promote the pace of grand games to March overseas.  In addition, Mochi Media has not only developed its own operating games, but also has a complete network of game-built ads and online payments. Last October, Tencent's U.S. subsidiary had partnered with Mochi Media to collaborate on game issuance.  Tencent is also designed to use mochi Media to bring free multiplayer online gaming business to the U.S. market. At the end of June this year, media reports said Mochi Media was studying a takeover offer because investors wanted to withdraw, which could only speed up partnerships (Accel Partners) and Chastal Ventures (Shasta Ventures) with Mochi media investors.  The original investment of about 14 million dollars. 2008 was the most frequent capital operation of the company, and in March Mochi Media received its first round of $4 million trillion in financing, and again in June with a second round of 10 million dollars in financing.  It is reported that Mochi Media also refused to accept Time Warner about 65 million U.S. dollars in the injection of capital transactions. Jameson Hsu founded Morchi Media in 2005 and served as CEO of the company. Data show that Mochi Media currently operates 50 balance games, with 140 million active users, business involving 48 countries and regions. (Menghong)
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