Figment!
03-21-2007, 08:13 PM
Disney Buys Chinese Mobile Content Provider Enorbus; For Around $20 Million
by Rafat Ali
Moco News
March 19, 2007
Disney has bought Chinese mobile gaming company Enorbus, for around $20 million, MocoNews.net has learned. Financial backers in the company included Carlyle and Qualcomm Ventures.
This is the second mobile content related acquisition the company has done in China in a few months. It bought Chinese mobile content and marketing firm Mobile2win (M2W) last August.
Rumors about talks between Disney and Beijing-based Enorbus swirled last fall just after the Mobile2win acquisition; according to a Disney spokesperson, the deal went through earlier this year. The formal statement now (no mention of money, of course):
“Walt Disney Internet Group (WDIG) acquired Enorbus, a software developer with operations in China. The acquisition further demonstrates the company’s commitment to expanding its global presence and in providing compelling entertainment anywhere and anytime. It also will provide a solid foundation for continuing to grow WDIG’s mobile content business around the world.”
by Rafat Ali
Moco News
March 19, 2007
Disney has bought Chinese mobile gaming company Enorbus, for around $20 million, MocoNews.net has learned. Financial backers in the company included Carlyle and Qualcomm Ventures.
This is the second mobile content related acquisition the company has done in China in a few months. It bought Chinese mobile content and marketing firm Mobile2win (M2W) last August.
Rumors about talks between Disney and Beijing-based Enorbus swirled last fall just after the Mobile2win acquisition; according to a Disney spokesperson, the deal went through earlier this year. The formal statement now (no mention of money, of course):
“Walt Disney Internet Group (WDIG) acquired Enorbus, a software developer with operations in China. The acquisition further demonstrates the company’s commitment to expanding its global presence and in providing compelling entertainment anywhere and anytime. It also will provide a solid foundation for continuing to grow WDIG’s mobile content business around the world.”