First video 168 million acquisition dragon Test water mobile game

Intermediary transaction http://www.aliyun.com/zixun/aggregation/6858.html ">seo diagnose Taobao guest cloud host technology Hall

15th, the main business for network video of the first video group (00082.HK) announced that the $168 million purchase of mobile phone game maker Dragon Joyce Group 70% stake in the formal agreement.

First video board chairman Zhang to CBN reporters, as the mainland's first listed in the Hong Kong main board of the network company, the completion of the acquisition, the main business will be expanded from network video to mobile gaming field, the profit model will also be from simple online advertising, increased for game technology and development business. The two sides will also cooperate in Mobile TV, telecom value-added and other fields.

Dragon Joyce is mainly engaged in mobile game development, mobile phone and internet value-added services, but also has more than 300 Chinese brands of mobile phone developers distribution network.

The acquisition by the Equity investment fund-Friends of the exchange of capital to complete. Huili Capital invests mainly in Asia's it, media and entertainment sectors.

In September this year, the three parties held talks, October 9, the two sides signed the acquisition agreement. The first video was paid in cash of HK $40 million and more than 100 million shares. October 13, the first video announced the placing of 80 million shares of existing shares, issued 12 million shares to subscribe for new shares, a total of 131.6 million yuan. After the acquisition is completed, the Zhang individual shareholding will be diluted from 16.21% to 15.52%.

Friends of the capital partner Liu Xiaolin to CBN reporter, this is mainly optimistic about the rapid growth of the global mobile phone game market, as well as the first video of the hands of the Internet, telecommunications, media, mobile TV and other operating license licences, can be extended to 3G business, and can achieve synergies with the acquisition party.

Data show that the current global mobile gaming market share of 26 billion U.S. dollars, of which China's market share of 520 million U.S. dollars, there is still a lot of room for growth.