|
|
SingTel Buys Stake in Mobile Games Developer
Published on:
Singapore Telecommunications (SingTel) has announced that it is buying a
35.54% stake in Singapore based mobile games developer, TheMobileGamer (TMG)
from some of its founding
members for a cash consideration of approximately S$1.8 million (US$1.5
million).
TMG is a platform provider that is in the business of aggregating,
distributing, licensing
and developing mobile gaming software. Japan's Softbank is also a co-acquirer
under the Acquisition and a co-investor under the Share Subscription under the
same terms.
Following completion of the acquisition and the share subscription, Softbank and SingTel will hold an aggregate interest in TMG of approximately 41.08% each.
|
| |
|
| |
|
| |
|
| |