Interactive Entertainment to Buy Into Game Developer X.D. Network to Boost Synergy
Yicai Global
/SOURCE : Yicai
Interactive Entertainment to Buy Into Game Developer X.D. Network to Boost Synergy

(Yicai Global) Feb. 6 -- Wuhu Shunrong Sanqi Interactive Entertainment Network Technology Co. [SHE:002555] will take a stake in X.D. Network Inc. through a unit for CNY100 million (USD14.6 million) to strengthen collaboration with the mobile game developer and seek a return on its investment.

Tibet Taifu Culture Media Co., the subsidiary, has signed an agreement to buy 2.38 percent of X.D. Network by subscribing to the developer's issue of 7.25 million new shares, Anhui-based Interactive Entertainment said today.

X.D. Network mainly researches, developments and distributes web and mobile games. The company promotes and distributes its products, including the Immortal and Romance of the Three Kingdoms series, through its own platform.

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