Zhejiang Century Huatong to buy China PE-backed gaming assets
Shenzhen-listed Zhejiang Century Huatong Group will acquire game developers China Mobile Games & Entertainment Group (CMGE) and DianDian Interactive for a combined RMB13.5 billion ($2.1 billion), facilitating exits for several PE investors.
According to a fling, Century Huatong, a Chinese automotive plastic parts manufacturer, will buy 100% of CMGE and DianDian - including its onshore and offshore assets - using cash and shares. The deal...
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