{"id":176070,"date":"2010-01-13T10:40:19","date_gmt":"2010-01-13T15:40:19","guid":{"rendered":"tag:contentnext.com,2010-01-13:article\/419-more-chinese-gaming-activity-linktone-takes-controlling-stake-in-letang"},"modified":"2010-01-13T13:03:20","modified_gmt":"2010-01-13T18:03:20","slug":"more-chinese-gaming-activity-linktone-takes-controlling-stake-in-letang-for-9-15-million-in-cash","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/176070","title":{"rendered":"More Chinese Gaming Activity: Linktone Takes Controlling Stake In Letang For $9.15 Million In Cash"},"content":{"rendered":"<p style=\"border: 1px solid silver; padding: 4px; margin-right: 10px; margin-bottom: 0; float: left;\">\n\t\t\t\t\t\t\t\t<a href=\"http:\/\/moconews.net\/article\/419-more-chinese-gaming-activity-linktone-takes-controlling-stake-in-letang\/\" title=\"Mobile Pet\" class=\"image_link image\" id=\"78814_4634\"><br \/>\n\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" style=\"margin: 0;\" src=\"http:\/\/paidcontent.org\/images\/editorial\/_original\/mobile-pet-o.png\" alt=\"Mobile Pet\" width=\"130\" height=\"132\" border=\"0\" \/><br \/>\n\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t<\/p>\n<p>More dealmaking in China&#8217;s gaming space: Chinese mobile entertainment company Linktone (<a href=\"http:\/\/finance.paidcontent.org\/paidcontent?Page=QUOTE&#038;Ticker=LTON\" class=\"ticker\" title=\"LTON\">NSDQ: LTON<\/a>) is taking a 50.01 percent stake in Chinese games developer Letang for $9.15 million in cash, to beef up its mobile gaming business.<\/p>\n<p>The announcement comes on the heels of two other deals earlier this month: Shanda (<a href=\"http:\/\/finance.paidcontent.org\/paidcontent?Page=QUOTE&#038;Ticker=SNDA\" class=\"ticker\" title=\"SNDA\">NSDQ: SNDA<\/a>) Games buying both online distributor <a href=\"http:\/\/moconews.net\/article\/419-shanda-games-gobbles-up-mochi-media-for-80-million-\/\" title=\"Mochi Media\">Mochi Media<\/a> and fellow games developer <a href=\"http:\/\/paidcontent.org\/article\/419-shanda-games-ramps-up-with-aquisition-movie-licensing-rights\/\" title=\"Goldcool Games\">Goldcool Games<\/a>.\n<\/p>\n<p>Linktone&#8217;s distribution model is largely based around agreements with China&#8217;s two biggest mobile operators, China Mobile and China Unicom. On the content side, it has deals with a range of international companies, from Sony (<a href=\"http:\/\/finance.paidcontent.org\/paidcontent?Page=QUOTE&#038;Ticker=SNE\" class=\"ticker\" title=\"SNE\">NYSE: SNE<\/a>) Music and Turner Broadcasting\/Cartoon Network to China.org.cn, the official Chinese government news portal. It says that Mobile Pet (pictured), a game it launched in 2001, remains one of its most popular services, generating hundreds of thousands of messages per day. <\/p>\n<p>Letang makes games for various platforms and operating systems including Flash, Symbian, KJava, MTK, Android, BlackBerry and iPhone.<\/p>\n<p>Release (via <a href=\"http:\/\/finance.yahoo.com\/news\/Linktone-Acquires-Controlling-prnews-1378578146.html?x=0&amp;.v=90\" title=\"Yahoo\">Yahoo<\/a>)\n<\/p>\n<p><strong>Related<\/strong><\/p>\n<ul class=\"related\">\n<li><a href=\"http:\/\/moconews.net\/article\/419-shanda-games-gobbles-up-mochi-media-for-80-million-\/\" title=\"Shanda Games Gobbles Up Mochi Media For $80 Million<\/li>\n<li>&#8220;>Shanda Games Gobbles Up Mochi Media For $80 Million<\/a><\/li>\n<li><a href=\"http:\/\/moconews.net\/article\/419-earnings-chinas-linktone-reports-higher-revenues-and-bigger-losses-in-q\/\" title=\"Earnings: China's Linktone Reports Higher Revenues And Bigger Losses In Q2 \">Earnings: China&#8217;s Linktone Reports Higher Revenues And Bigger Losses In Q2 <\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>More dealmaking in China&#8217;s gaming space: Chinese mobile entertainment company Linktone (NSDQ: LTON) is taking a 50.01 percent stake in Chinese games developer Letang for $9.15 million in cash, to beef up its mobile gaming business. The announcement comes on the heels of two other deals earlier this month: Shanda (NSDQ: SNDA) Games buying both [&hellip;]<\/p>\n","protected":false},"author":1032,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-176070","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/176070","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1032"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=176070"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/176070\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=176070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=176070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=176070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}