Shanda Games buys online game firm Mochi Media for $80 million

The Fusion Team have completed over 70 digital and media transactions for its private, corporate and private equity clients. For more information contact pkelly@fusioncorp.co.uk or visit our website
 
ACQUISITION 
FDN Database Reference:  F231109-296
 
Acquirer:  Shanda Interactive Entertainment Limited (NasdaqGS: SNDA)
ACQ Web:  http://www.snda.com/EN/investor/overview.html
Location:  China, Shanghai
Region:  Asia
Description:  Interactive entertainment media company
Category:  Media: Games: Entertainment
Contact 1:  Tianqiao Chen, Chairman of the Board and Chief Executive Officer
Contact 2:  Diana Li,  Chief Executive Officer, Shanda Games
Contact 3:  Hai Ling,  President, Shanda Games
 
Vendor:  Mochi Media
Vendor Web:  http://www.mochimedia.com
Location:  USA, San Francisco, CA
Region:  North America
Description:  Mochi has 15,000 web-browser games and an international user base.
Category: Games
Contact 1:  Jameson Hsu, CEO and co-founder
Contact 2:  Bob Ippolito, CTO and co-founder
Contact 3:  Justin Wong, Vice President of Business Development

Aprox. Value:  $60 million in cash and $20 million in equity arrangements
 
Details:  Shanda Games has made its first U.S. acquisition , buying online game firm Mochi Media for $80 million. Shanda Games also announced it would buy Shanghai-based online game developer Goldcool Games.
 
Link: Reuters
 
 
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