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April 25, 2011 01:58 pm GMT
Sohu.com, one of China's leading online media, search and gaming companies, this morning announced that its massively MMORPG subsidiary Changyou.com is to acquire a majority stake in Shenzhen 7Road Technology ("7Road"), an online games developer and publisher based in China. Changyou will acquire 68.26% of the equity of 7Road for approximately $68.26 million in cash (see how that works?), plus additional variable cash consideration of up to a maximum of $32.76 million in performance-based earn-outs.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AKJ_ILPePsI/
Sohu.com Buys Majority Stake In Gaming Company 7Road For Up To $100 Million
Sohu.com, one of China's leading online media, search and gaming companies, this morning announced that its massively MMORPG subsidiary Changyou.com is to acquire a majority stake in Shenzhen 7Road Technology ("7Road"), an online games developer and publisher based in China. Changyou will acquire 68.26% of the equity of 7Road for approximately $68.26 million in cash (see how that works?), plus additional variable cash consideration of up to a maximum of $32.76 million in performance-based earn-outs.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/AKJ_ILPePsI/
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