Bilibili to acquire a 7.2% stake in CMGE Technology Group for $84m.

Synopsis

Bilibili, an online entertainment platform, agreed to acquire a 7.2% stake in CMGE Technology Group, a mobile game developer and publisher, for $84m. Bilibili will be given priority rights to operate certain games developed or licensed by CMGE exclusively for three years after the completion of the deal.

Principals

target

Cmge Technology Group

bidder

Bilibili

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Market Context

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Seller Team (1)

xiao jian

Chairman at CMGE TECHNOLOGY GROUP

Manager

target

Deal

£ 61 M

Total Value

Bidder Team (1)

carly lee

Vice Chairwoman of the Board and COO at BILIBILI INC

Manager

bidder

Deals

£ 110 M

Total Value

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