Spiga

China doubled the acquisition premium to the consortium Hurray

By Professional editor working for Ozone Air Purifier .

3G era, the SP (mobile value-added services) to the eyes of the development one time over become the capital of the sultry spots.

Yesterday, a founder and leader of newspapers delight Dong zhao hui investors directed by the Commonwealth of Independent Chinese publicly broadcast to be the way to twice the premium, about 40 million U.S. dollars to come by 51% of Hurray Holding the right, which will expected Hurray directed compelled to hand over administration control.

Hurray was China's first recorded on Nasdaq in the United States SP enterprises. However, SP was the whole telecommunications commerce after the hit, was compelled to transition Hurray amusement content providers. Breath in the two years to come by the Huayi Brothers Music, Taiwan kernels melodies, soaring melodies notes, bird art, melodies and several sub-Shin Records.

The transition is not successful, however, before Hurray released fourth-quarter financial results in 2008, Hurray 14.4 million U.S. dollars of total income, including income from music three million U.S. dollars, up 39.3 percent decline. And its founder and CEO QD Wang also resigned last month.

To this end, Dong zhao hui to a consortium directed by the administration group Hurray strike, he said: "Hurray has a very good stage for amusement and the capital, but the need of good implementation team. 3G era will misplace a large opening to stand up." but furthermore of the outlook that Dong zhao hui Hurray portions were gravely underestimated at this time is a good time to buy. It is described that its 40 million U.S. dollars have been put in location to purchase gold.

By this news, shares Hurray the day up 32%. Hurray area and no mention of this information, the insiders said he did not know.

Qinchuan Internet analyst said: "The acquisition of a public recorded business trading a very uncommon, we can glimpse that in the 3G era capital Hurray for example the SP worth of the business gravely underestimated by the market, despite of the influence of the causes why the outcry. But this can not be directed out means of speculation. "

In detail, since the issuance of 3G permits, the capital market for Chinese businesses are progressively involved in SP, in February, from Australia, the Australian telecommunications carriers (Telstra) in one wind SP acquisition of two Chinese businesses, engaging a total of 3 million.

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