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Roaming 70 million dollars to acquire the 21% stake of the Magic Tower developer

Source: Internet
Author: User
Keywords Equity
Tags developer developers
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March 4 News, Travel Holdings announced that will spend 70 million of dollars to buy a hand tour "Magic Tower" developers magic feature 21% stake. The announcement indicated that if the Magic feature achieves the designated income target, the traveling has the condition to agree further magic feature the dividend form, pays 4.2 million dollars to the magic feature. At the same time, roaming has the condition to agree to deposit a sum of 20 million dollars to the escrow account. In addition, before December 31, 2014, the company will also acquire a portion of Magic feature's shares, after the two sides completed the transaction, roaming will account for Magic feature actual issue of equity 35%. "The Tower of the Devil" is a rotary Bead elimination class RPG card Player tour, by Tencent domestic exclusive agent. Thanks to the good performance of "The Tower of God of Magic" in Hong Kong and Taiwan, Magic feature's after-tax income reached 38.591 million yuan in 2013.

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