Rumor: Perfect World to Acquire TV Gaming Portals TGbus, Cngbn
DoNews, 10/10/13
According to an industry insider, Beijing-based online game developer and operator Perfect World (Nasdaq: PWRD) will acquire TV gaming portals TGbus.com and Cngbn.com. Perfect World will purchase TGbus for a total consideration of RMB 300 mln, while the purchase price of Cngbn has not been disclosed. Following the acquisitions, Perfect World VP Zhang Yunfan will assume primary responsibility for the companies.
Perfect World and employees within TGbus have denied any knowledge of the acquisitions.
Keywords: Cngbn Perfect World Tgbus Zhang Yunfan PWRD TV gaming television M&A vertical portal