Air network buys 3 million dollars to buy new heat for game developers

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Webmaster Network June 23 News, according to foreign media reports, China wireless value-added service provider Air network announced yesterday, plans to acquire Chinese mobile games developers China New Thermal Technology Co., Ltd. (Simlife Analysys. Inc., hereinafter referred to as new thermal).

Lei, CEO and Chairman of the board, said, "The new heat currently has more than 200 mobile gaming portfolio products and a development team of more than 50 developers who have many years of experience in 3D mobile game development." ”

It is reported that the air network has agreed to the new thermal shareholders to pay 3 million of dollars in cash. In addition, if the new thermal performance is good within one year of completion of the acquisition transaction, the Air network will pay another 1.25 million dollars in cash and 6 million shares in the common air network to specific new thermal shareholders.

IDG Technology venture capital has about 6.7% of the common stock of the air network, and it also owns about 30% of the new heat.