[net-gold] COMPUTER: APPLE : GAMES: ELECTRONIC AND COMPUTER : BUSINESS: ACQUISITIONS MERGERS: Apple Eyes Chinese Online Game Developer, Deal May be Announced in September
- From: "David P. Dillard" <jwne@xxxxxxxxxx>
- To: Net-Gold <Net-Gold@xxxxxxxxxxxxxxx>, Temple University Net-Gold Archive <net-gold@xxxxxxxxxxxxxxxxxxx>, Temple Gold Discussion Group <TEMPLE-GOLD@xxxxxxxxxxxxxxxxxxx>, Net-Gold <net-gold@xxxxxxxxxxxxxxxx>, Sean Grigsby <myarchives1@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxx>, Educator Gold <Educator-Gold@xxxxxxxxxxxxxxxx>, K12AdminLIFE <K12AdminLIFE@xxxxxxxxxxxxxxx>, Net-Platinum <net-platinum@xxxxxxxxxxxxxxx>, NetGold <netgold@xxxxxxxxxxxxxxx>, K-12ADMINLIFE <K12ADMIN@xxxxxxxxxxxxxxxxxxx>, MediaMentor <mediamentor@xxxxxxxxxxxxxxx>, Digital Divide Diversity MLS <mls-digitaldivide@xxxxxxxxxxxxxxx>, net-gold@xxxxxxxxxxxxx, NetGold <netgold@xxxxxxxxxxxxxxxx>
- Date: Sun, 8 Aug 2010 18:37:31 -0400 (EDT)
.
COMPUTER: APPLE :
GAMES: ELECTRONIC AND COMPUTER :
BUSINESS: ACQUISITIONS MERGERS:
Apple Eyes Chinese Online Game Developer,
Deal May be Announced in September
Apple Eyes Chinese Online Game Developer,
Deal May be Announced in September
By Surojit Chatterjee
August 8, 2010 4:14 PM EDT
International Business Times
<http://www.ibtimes.com/articles/41716/20100808/
apple-eyes-chinese-online-game-developer-deal-
may-be-announced-in-september.htm>
A shorter URL for the above link:
<http://tinyurl.com/24onldj>
Technology giant Apple Inc. (NASDAQ.AAPL) is reportedly planning to buy a
Chinese online game developer, Handseeing Information Technology, a move
that could help it gain a foothold in the world's biggest Internet market.
A top executive at Handseeing said, Friday, that Apple has been in
negotiations with the Chinese firm for "a certain period of time" and the
public could expect some sort of "incremental" announcement in September.
Though the executive refused to say how much Apple is willing to pay for
Handseeing, he said the firm is expected to fetch a price upwards of $150
million.
The mainland's state-run news agency Xinhua has confirmed the news,
quoting Tian Bo, Handseeing's deputy general manager.
Xinhua reported Tian as saying that if the deal is successful, it would be
Apple's first acquisition in China. However, other foreign firms are also
interested in Handseeing and Apple could see stiff competition, Tian was
cited as saying.
Handseeing, founded in 2005, develops Java-based online games, in
partnership with Sun Microsystems, for Tianya Online, China's largest
social networking forum.
The complete article may be read at the URL above.
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