Get Our Weekly Email Newsletter
I.T. Skills In Your China Business!IPS works with institutions and corporate clients to deliver computer skills training and ICT solutions, as well as internal assessments and benchmarking. More Info Here...
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
• Mobile Money Transfer World Conference 2009 @ New Delhi - 2009/07/28
• APNIC 28 @ Beijing - 2009/08/24
• Social Networking World Forum Asia @ Singapore - 2009/09/22
• Optical Transmission Vision APAC @ Singapore - 2009/10/19
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
BroadWebAsia Investment In Linktone
January 29, 2008 |
Print
| 
Email
| Category: Wireless
BroadWebAsia says it has presented a formal proposal for investment in Chinese wireless value-added services firm Linktone (LTON).
BroadWebAsia is headed by Brad Greenspan, the founder of MySpace.com, and under terms of the proposed BWA transaction, BWA or its affiliates will purchase not less than 60% of Linktone's outstanding shares using a combination of a tender offer for approximately 25% of the total shares outstanding of Linktone, or 6.0 million existing shares, at a price of US$4.18 per ADS; and a commitment to purchase US$10 million of ADSs on the open market at up to US$4.18 per share.
The BWA tender offer of US$4.18 represents a 10% premium over the price offered in the MNC Transaction.
Additionally, BWA has proposed to contribute certain BWA media assets and strategic partnership arrangements to Linktone that it believes will diversify Linktone's current business, increase revenue streams and generate incremental cash flow, and thereby, enhance shareholder value.
Brad Greenspan, chairman of BWA stated, "We believe that the BWA proposal offers Linktone shareholders an opportunity to enhance the value of their shares by introducing the necessary ingredients to develop and execute an effective business plan for Linktone in 2008 and beyond. BWA's management team has a proven track record in the media, mobile and internet industries. We would provide the strategic leadership and counsel to the Linktone management team to develop and implement an effective restructuring plan. We believe we are the right partners to bring Linktone back to profitability and increase value for shareholders through a China-focused strategy that leverages the many growth opportunities presented by this dynamic, emerging market."
Commensurate with the closing of the proposed BWA Transaction, Brad Greenspan will serve as chairman of Linktone and BWA will elect four additional directors to the Linktone Board proposed by BWA.
Recommend this page: 
Loading ...Join our China Tech Forum to discuss many more topics!
Leave A Comment:
-
Business
-
Commentary
- Focusing On The Bigger Picture With China's Green Dam Security Software
- Chinese Mobile Phones Lacking IMEI Numbers Face Death In India
- What Is China's Internet Marketing Outlook For 2009?
- China's Baidu.com: Drugged And Screaming For Better Management
- Benchmarks For Corporate Computer Efficiency In China
-
Computing
- Green Computers Donated To Chinese Schools
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites
- Hasee To Set Up R&D Center In Taiwan
- Into Africa: China Great Wall Computer Arranges JV In Algeria
-
Gadgets & Electronics
-
Internet
-
Law & Policy
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- Campaign Launched Against Chinese Internet "Cultural Irregularities"
- China Implements Stricter Management Of Virtual Currency
- "Sex" Will Be Taboo On Chinese Internet From July 1
- Sogou Sues Tencent Over Unfair Competition In China
Copyright 1999-2009 ChinaTechNews.com. All Rights Reserved.
If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from BDL Media. No part of this website may be copied, transferred, posted, or published without the express written permission of ChinaTechNews.com or its registered agents. Content on this website, including articles, opinions, and data are protected under international copyright laws. Failure to comply with these rules will result in legal action. 