Mochi Media is an advertising network and payment platform for Flash Games. It has been acquired by Shanghai-based Shanda Games for $80 million ($60 million in cash and $20 million in equity).
This news caught my attention because I have been thinking lately that more US based technology companies will be acquired by Chinese companies.
As Chinese companies grow, they must figure out a way to enter the U.S. market – they need to acquire existing customers, sales force, channels, and technologies to expand to the US market.
I’m looking forward to see more acquisitions by Chinese companies in North America. Is Alibaba the next one to make an acquisition? I’ve always felt that Alibaba should acquire a company in the SMB segment to promote Alibaba’s among SMB owners in the United States.
By the way, it was pretty interesting to read the nasty fight between Mochi Media founders and VC when Mochi Media was close to be acquired a while ago.
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