NQ Mobile Gains Takes 33% Stake in Hesine Technologies

NQ Mobile, 8/16/12

Chinese mobile security provider NQ Mobile (NYSE: NQ) announced today that it has reached an agreement with Taiwanese chipmaker MediaTek (MTK) to acquire a 33% interest in mobile messaging solution provider Hesine Technologies (Hesine), a wholly-owned subsidiary of MediaTek.

Hesine will provide NQ Mobile with access to its mobile messaging solutions, which provides mobile push notification and messaging services across various radio access technologies, wireless carriers, and geographies. While maintaining a majority interest in Hesine, MediaTek has agreed to further strategic collaboration with Hesine in the deployment of its messaging solutions.

Keywords: security wireless MediaTek chipmaker Hesine Technologies NQ NQ Mobile investment M&A

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