Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Moli Group, Oberon Media Form Mobile Gaming JV

PR News Wire, 2/13/11

Chinese internet and mobile services provider Celestial Asia Securities Holdings Limited (CASH Group) (1049.HK) today announced its Shanghai-based online gaming platform, Moli Group, will acquire an 89.7% stake in US-based Oberon Media's mobile gaming subsidiary Oberon Information for approximately USD 10 mln. Oberon Media will retain a 10.3% stake in the joint venture, which will focus on China's online and mobile gaming sectors. Oberon Media will also acquire approximately 1% of CASH Group in exchange for the stake in Oberon Information.

Oberon Media established Oberon Information in June 2009. Oberon Information is principally engaged in development, distribution and marketing of online mobile games in China as a licensed distributor.

Keywords: Moli Group mobile gaming online gaming Internet wireless Oberon Celestial Asia JV 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