Shanda Games, 1/12/10
Online game developer and operator Shanda Games (Nasdaq: GAME) today announced an agreement to acquire San Francisco-based Mochi Media, a platform for distributing and monetizing browser games. The acquisition will combine Shanda Games' online game content with Mochi Media's distribution platform to create a global online game media platform. Mochi Media's global network has over 140 mln monthly active users, and will supplement Shanda Games' content offering of MMORPGs and casual games with the addition of over 15,000 browser games in the Mochi Media network.
The total consideration for the transaction is comprised of approximately USD 60 mln in cash and USD 20 mln in equity retention arrangements. The transaction is expected to close in the first quarter of 2010.