Linktone (LTON) says it completed a strategic investment in Ojava Overseas Limited on January 18, 2006.
Linktone will initially pay approximately US$1.8 million in cash for a 51% equity interest in Ojava. Linktone will also make a further payment of approximately US$1.6 million upon the fulfillment of certain operating conditions.
Ojava is a mobile game developer and game publisher in China.
Founded in 2004, Ojava has built an experienced mobile game development team and is well-known for publishing original in-house Role-Playing Games (RPG) games based on Chinese historical backgrounds and traditional stories.
Additionally, Ojava has differentiated itself by producing episode-based RPG games that creates company branding and promotes consumer stickiness. Ojava's games have consistently been ranked among the top RPG games offered to subscribers using China Mobile services in terms of downloads and revenues per game.
Linktone also has an option to purchase the remaining 49% interest in Ojava based on Ojava's achievement of agreed performance objectives.
