Giant pays US$234m for gamer

Advanced Search

The story appears on

Page A5

October 19, 2021

GET this page in PDF

Free for subscribers

View shopping cart

Giant pays US$234m for gamer

By Zhu Shenshen | 00:00 UTC+8 October 19, 2021 |

Print Edition

Giant Network Group Co plans to acquire Taomi, a popular game brand among kids with titles such as Moore Park and with an estimated value of 1.5 billion yuan (US$234 million), the Shanghai-based company said yesterday.

Giant, listed in Shenzhen, will fund the acquisition in cash, with an expected transaction period of three months.

After the deal, Giant will hold 72.8 percent of Taomi which is valued 1.5 billion yuan, according to a company statement to the Shenzhen Stock Exchange.

As a home entertainment firm, Taomi’s business covers online gaming, film and dramas, with titles such as “Moore Park” and “Seer” which are popular among kids and young students.

By September 30, Taomi had about 30 million registered users.

Giant and Taomi will integrate their business and services on IP development, technology research, games and user services, the company said.

Technology

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Giant pays US$234m for gamer

Email this to your friend