Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Linktone Acquires Mobile Game Developer

PR Newswire, 1/13/10

Chinese wireless value-added services provider Linktone (Nasdaq: LTON) today announced that it has entered into a definitive agreement to acquire a controlling interest in Chinese mobile and online game developer Letang Game. Under the terms of the transaction, Linktone has agreed to pay up to USD 9.15 mln in cash to acquire 50.01% of the equity of Letang. Letang will receive USD 2.56 mln in cash at the closing of the acquisition, with the remainder of the consideration payable upon the achievement by Letang of certain financial milestones during years 2010 and 2011.

Keywords: Letang wireless Linktone LTON SP mobile gaming online gaming WVAS M&A


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports