KongZhong (KONG) announced that it has signed a definitive agreement with the shareholders of Tianjin Mammoth Technology Company to acquire 100% of the equity interest in Mammoth.
Subject to the satisfaction of certain conditions precedent, the transaction is expected to close in early June.
Founded in June 2002, Mammoth has become a well-known mobile game developer in China. With a team of 40 people, it has developed nearly 100 2D and 3D games on the Java, Brew, Symbian and smartphone platforms, including award-winning original titles such as "The Hero of Might," "Heroine Anthem" and "Mam and Pirate." In addition to marketing and selling its products within China's market, Mammoth also markets and sells its game products in the overseas market, including in Europe.