"Tom Online Inc., one of China's largest wireless Internet companies, on Friday said Cisco Systems Inc. and Macromedia Inc. will each acquire a strategic interest its games developing unit, Indiagames Ltd. Cisco and Macromedia will pay a total of $4 million for a combined stake of 18.2 percent in Indiagames through a subscription of new shares. Tom Online's share in Indiagames will be diluted to 62.4 percent from 76.3 percent. Indiagames' original shareholders and management, including its founder Vishal Gondal, will continue to hold a 19.4 percent stake in the company. Tom Online acquired its stake in Indiagames in February."
[AP]
19 comments:
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[QUOTE]
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