An offshore company called Music Corporation will buy cool

November 30 News, recently, media reports that a company called the "Music Corporation," The offshore companies will buy cool, the acquisition price of nearly 100 million U.S. dollars. The two sides are currently negotiating on acquisitions and have not yet reached a full agreement.

Cool music was founded in 2005, the early provision of music online download, now provides free online music audition, genuine music downloads and other digital music industry services, its products include cool music box, cool lyrics, Cool star Bar, cool music community.

At present, cool music active users have reached 250 million, wireless users reached 40 million. At the end of 2012, Cool music CEO Thunder said cool music has achieved break-even.

Offshore Company

An offshore company is generally referred to as a limited liability company or a corporation incorporated in an offshore jurisdiction. The local government does not have any tax on such companies, only a small amount of annual management fees, and all the major international banks recognize such companies, the establishment of their bank accounts and financial operations to facilitate. At present, the world's famous offshore financial center has British Virgin Is., Caimas, Is., Bahamas Is., Bermuda and other island countries.