Chinese media buys Happy Farm

Recently, the Chinese media issued a notice and held a media communication meeting in Beijing, to take the issue of shares and pay cash to buy Zhi star 100% Equity, the total transaction value of 2.66 billion yuan, a premium level of 27 times times.

According to the trading plan, the Chinese media intends to pay 1.649 billion yuan to the shareholders of the Chi star and 1.011 billion yuan for the cash price.

Information shows that Chi-star Qualcomm is an integrated platform for Internet enterprises, the successful independent research and development, exclusive agency, joint operation, including "Happy Farm" and so on the 20 balance of web games and mobile network games. In the first quarter of this year, Zhi star to achieve operating income of 218 million yuan, to achieve a net profit of 22.64 million yuan. Chinese media mainly engaged in business: domestic books, electronics, periodicals wholesale, cultural works of art, all kinds of advertising production, release, agent, books, newspapers and periodicals, audio-visual, electronic publications, film production and distribution.

It's worth noting that the Chinese media has a 27 times-fold premium on intellectual-star valuations. According to Chinese media, the main business of Chi-Star is integrated internet value-added services, belonging to the light asset companies, high valuations mainly based on the underlying assets with higher asset profitability, higher performance growth in the future and excellent internet and game development operators.