KongZhong Corporation sold a 70% stake in Beijing Xigua Huyu Technology to Guangzhou Yunmi Software Technology.

Synopsis

KongZhong Corporation, a Chinese company that provides value-added services including video games via the Internet and various mobile networks, sold a 70% stake in Beijing Xigua Huyu Technology, an application software company, to Guangzhou Yunmi Software Technology for $22m.

Principals

target

Beijing Xigua Huyu Technology

bidder

Guangzhou Yunmi Software Technology

Show Details & Financials

Did you work on this deal?

Showcase your expertise to over 3 million dealmakers and industry leaders on Datasite.

Market Context

skadden arps slate meagher & flom

HQ - New York

legal advisors

vendor

1736

Deals

£ 2,973.48 B

Total Value