Tue Jan 12 20:29:20 CET 2010
Congrats to Mochi Media!
BEIJING—Chinese online game developer Shanda Games Ltd. agreed to
acquire U.S. online game network Mochi Media in a deal valued at $80
million, furthering its global expansion ambitions.
deal, which the companies expect to announce Tuesday, San
Francisco-based privately-held Mochi will receive $60 million in cash
and $20 million in shares of Shanda Games, a Nasdaq-listed,
Shanghai-based company known for creating some of China's most popular
massive multiplayer online games.
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