Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 27-03-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Forgame Holdings Purchase of Stake in Magic Feature | Industry: | Media |
| Description: |
Dentons advised the sellers on the sale of a 20% shareholding in Magic Feature Inc. to Forgame Holdings Limited (HKEx Stock Code: 00484) for a total consideration of USD70 million (HKD543,270,000).
Magic Feature Inc. and its subsidiaries are engaged in the business of developing and publishing mobile games. One of its key games is "Tower of Saviors", which has a substantial number of users and high download rates. Forgame Holdings Limited is a leading developer and publisher of web games in China and is further expanding into the mobile games market.
The Dentons Asia team was led by partner Gordon Ng and counsel Cecil Kwong. Dentons advised the sellers on all aspects of the disposal of Magic Feature Inc.
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| Financial Center: | Hong Kong | Value: | 0.00-100.00 |
| Advised Party: | Acquiror | Law Firm | Dentons |
| Target Company Jurisdiction: | Hong Kong | Acquiror Jurisdiction: | China |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Gordon Ng |
