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  • Chinese Wireless Provider KongZhong Acquires Mobile Developer Simlife [06.23.09]
  •  Chinese wireless service provider KongZhong Corporation announced that it will acquire the Xiamen-based mobile games developer Simlife International, Inc. for a total of $3 million.

    KongZhong completed talks with Simlife over the past week. Following the completion of the agreement, Simlife will become a subsidiary of KongZhong.

    As part of KongZhong's terms, Simlife shareholders may receive an additional $1.25 million and $6 million in KongZhang shares, pending Simlife's ability to match expected performance standards over the next year.

    Simlife has published more than 200 games for J2me-compatible mobile devices since its founding in 2002, including the RPG Sorcerer, puzzler Xiamen Mahjong, and action title Justice Command.



    By Danny Cowan
    2009-06-23 16:00:00