Taiwan-listed gaming company XPEC Entertainment plans to invest NTD5.34 billion, which is about CNY1.068 billion, to acquire the entire stake of the mainland mobile game platform Tongbu Technology Limited.
According to reports in Taiwanese local media, XPEC will hold a shareholder meeting in November 2014 to discuss the acquisition, which will then be reviewed by the Taiwanese government. The deal is expected to be closed in the first half of 2015.
As a result of the acquisition, Tongbu Technology will establish a development and research center in Taiwan to implement application development related to the mobile Internet. In the future, the company will integrate XPEC's game development capacity with its game user database to improve XPEC's mobile game penetration in mainland China.
Prior to this, XPEC also acquired a 90% stake in Tiny Piece, a global leading mobile casual game platform.
Founded in Taipei in August 2000, XPEC Entertainment is one of the many game developers in greater China and has developed well-known titles for console and PC online and mobile platforms. It has branches in Taipei, Shanghai, Suzhou, and Beijing, with more than 850 employees.