Shanda Games Buying Mochi Media for $80 Million
Shanda Games Ltd. (Nasdaq: GAME) has agreed to acquire Mochi Media Inc., a San Francisco-based provider of advertising solutions within Flash games. The deal is valued at $80 million, including $60 million in cash. Mochi Media has raised around $14 million in VC funding from Accel Partners and Shasta Ventures.
12 January 2010•3 mins read
