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Tag | acquisition

New Chinese Mobile Content Rules Will Adversely Affect KongZhong's Revenue

27 January 2010

Chinese wireless value-added services firm KongZhong Corporation has issued an update on schemes within the [...]

China's 360 To Explore Mobile Phone Security Industry

22 January 2010

Chinese Internet security software provider 360 has announced plans to acquire Msafe.com.cn, a Chinese mobile [...]

Linktone Pays USD9 Million For Controlling Stake In Chinese Mobile Game Company

13 January 2010

Chinese wireless value-added services firm Linktone Ltd. has entered into a definitive agreement to acquire [...]

Hutchison Whampoa To Buy Out Hutchison Telecom

05 January 2010

Hutchison Telecommunications International has announced that its parent company Hutchison Whampoa, the Hong Kong-headquartered innovation [...]

KongZhong Makes New Online Game Acquisition In China

16 December 2009

Just a week after announcing that its revenue would be greatly impacted by new anti-pornography [...]

Hurray Buys Chinese Internet Video Firm Ku6.com

30 November 2009

The rumors from last week are correct: Chinese online video service Ku6.com has been purchased [...]

KongZhong Buys Chinese Mobile Game Developer

22 June 2009

Chinese wireless value-added services firm KongZhong Corporation announced that it is planning to buy Simlife International Inc., a mobile game developer in China.
KongZhong has agreed to pay USD3 million in cash to the shareholders of Simlife. An additional payment of USD1.25 million in cash and the issuance of 6 million of KongZhong's ordinary shares to [...]

KongZhong Buys Chinese Mobile Game Developer

22 June 2009

Chinese wireless value-added services firm KongZhong Corporation announced that it is planning to buy Simlife International Inc., a mobile game developer in China.
KongZhong has agreed to pay USD3 million in cash to the shareholders of Simlife. An additional payment of USD1.25 million in cash and the issuance of 6 million of KongZhong's ordinary shares to [...]

Shanda To Spend USD46.2 Million Buying Majority Stake In Mobile Firm

09 June 2009

Ending weeks of speculation and public whining, Chinese online gaming firm Shanda Interactive Entertainment Limited is planning to buy a majority stake in wireless value-added services company Hurray.
Chen Tianqiao, chairman of the board of Shanda, stated, "We respect the work by Hurray's board and management and their efforts in defining Hurray's strategies and direction and [...]

Hurray's Mobile Revenues Fall In China As It Drops Further Investor Guidance

22 May 2009

Embattled Chinese wireless value-added services firm Hurray Holding Company Ltd. says its total revenues plummeted 18.5% quarter-over-quarter to USD11.8 million as it announced its unaudited financial results for the first quarter ended March 31, 2009, and stated it would not continue to provide quarterly guidance.
The company's USD11.8 million in total revenues was also a decrease [...]

Best Prospect Begs For Hurray To Engage In Acquisition Talks

20 May 2009

Best Prospect Overseas Limited's Jacky Tung has bedeviled Chinese wireless value-added services firm Hurray with another open letter that practically begs for more acquisition talks.
Addressing the open letter to Qindai Wang, chairman of Hurray, Tung responds today to Hurray's press release of May 14, in which the company says it is not interested in a [...]

Hurray's Statement Still Leaves Doubt About Chosen Suitor

15 May 2009

After days of rumors and press releases surrounding possible acquisitions of China's beleaguered wireless value-added services firm Hurray, the company has issued a statement about where it stands on the issue.
The statement reads: "Hurray! Holding Co. Ltd. announced that it had received from Best Prospect Overseas Limited an expression of interest in acquiring a 51% [...]

Shanda Rumored To Be Buying Hurray While Best Prospect Whines About Acquisition

13 May 2009

In a letter to shareholders of Chinese wireless value-added services firm Hurray, Best Prospect Overseas Limited has stated that Hurray's management and board "seems to believe that they do not need to answer, or even listen, to Hurray!'s shareholders".
Best Prospect is trying to buy a 51% stake in the beleaguered WVAS firm, and in its [...]

China Mobile To Acquire 12% Stake In Far Eastone Telecommunications

30 April 2009

Chinese telecommunications operator China Mobile has announced that the company has invested NTD17.77 billion, which is about CNY3.6 billion, in acquiring a 12% stake in the Taiwan-based telecommunications company Far Eastone Telecommunications.
China Mobile said it will purchase 444 million shares of Far Eastone Telecommunications at the price of NTD40 per share through its wholly-owned subsidiary [...]

Hurray Finds A Company That Actually Might Want To Make A Deal

30 April 2009

Chinese mobile value-added service company Hurray Holding Company Ltd. might have a suitor, as the company announced it has received an offer to sell a 51% stake.
Fittingly called Best Prospect Overseas Limited, Best Prospect has reportedly expressed interest in acquiring a 51% stake in Hurray. The expression of interest is subject to the satisfactory completion [...]

China Mobile May Acquire MTN's Assets

03 April 2009

Chinese telecommunications operator China Mobile is considering the acquisition of a part of the South African telecommunications operator MTN Group's assets in Iran, Syria, and Sudan, with a total value of about USD2 billion.
According to local media reports, China Mobile is looking for partners in the telecommunications industry to jointly bid for these assets. At [...]

China Mobile May Acquire MTN's Assets

03 April 2009

Chinese telecommunications operator China Mobile is considering the acquisition of a part of the South African telecommunications operator MTN Group's assets in Iran, Syria, and Sudan, with a total value of about USD2 billion.
According to local media reports, China Mobile is looking for partners in the telecommunications industry to jointly bid for these assets. At [...]

China Mobile Starts Integrating TieTong's Channel Resources

19 February 2009

According to internal information from China TieTong, China Mobile has published a notice to its provincial branches about the integration of China TieTong's channel resources.
In the notice, China Mobile defines the schedule for the relevant work. As the completion of the asset liquidation of China TieTong nears, the merger of China Mobile and China TieTong [...]

China Unicom Acquires Fixed Lines In 21 Southern Chinese Provinces

18 December 2008

China Unicom (Hong Kong) Limited has announced plans to invest CNY6.43 billion to acquire the fixed-line business in Tianjin and 21 southern Chinese provinces from its major shareholders China Unicom Group and China Netcom Group.

Both Sides Deny China Telecom's Acquisition Of MediaTek

18 December 2008

In response to Chinese media reports about China Telecom's (CHA) intention to acquire MediaTek, both of the sides say the news is not true.

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