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Linktone Acquires Casual Gaming Company
May 17, 2005 |
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Linktone (LTON) has acquired Brilliant Concept Investments Limited, a developer and operator of online casual games in China.
Under the terms of the transaction, Linktone has acquired all of the outstanding shares of Brilliant for total cash consideration not to exceed $11.5 million. The final purchase price installment will be determined based on Brilliant's performance for full-year 2005. Linktone expects the transaction to be accretive to its 2005 earnings.
Privately-held Brilliant currently offers popular online board and card games to a community of more than 15 million registered users in selected Chinese provinces and has supported approximately 60,000 concurrent users during recent peak periods. Linktone plans to expand this community nationwide through the use of its localized sales force,
to develop a flexible wireless and online service platform for the seamless delivery of games, and to leverage its international and local content partnerships, as well as internal resources, for the development of new gaming products.
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