China Digital TV to Acquire 24% of Motion-Sensing Game Co
PR Newswire, 5/13/10
Beijing-based digital TV conditional access solutions provider China Digital TV Holding (NYSE: STV) has announced that it has entered into a definitive agreement to invest in 3DiJoy Corporation, a provider of motion-sensing video game solutions for cable set-top boxes (STBs), PCs, and other consumer electronic devices in China.
Subject to the completion of customary due diligence and closing conditions, China Digital TV will invest USD 6 mln in cash to acquire a 24% equity interest in 3DiJoy post investment. The transaction is expected to close in the second quarter of 2010.
Keywords: 3DiJoy television China Digital TV Holding STV M&A set-top box
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