Acquires Chinese Gaming Information Portal

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Chinese online game developer and operator Limited and its majority shareholder Inc. have jointly announced that the two parties have entered into a definitive agreement under which will acquire, a leading gaming information portal in China, from for USD162.5 million.

According to the agreement of the two parties, will acquire all assets associated with the 17173 business for fixed cash consideration of USD162.5 million. The transaction is subject to conditions specified in the agreement, and is expected to close in December 2011.

Meanwhile, considering the transaction agreement, and have revised their existing non-competition agreement. stated that it will not compete with in the 17173 business for a period of five years after the c...

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