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Old 07-18-2018, 07:00 PM   #2155
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https://research.capitaloneinvesting...28782-15436369

iQIYI Announces Acquisition of Skymoons

Quote:
BEIJING, July 17, 2018 (GLOBE NEWSWIRE) -- iQIYI, Inc. today announced that it has completed the acquisition of 100% equity stake in Skymoons Inc. and Chengdu Skymoons Digital Entertainment Co., Ltd.

Headquartered in Chengdu, China, Skymoons focuses on the development and global publishing of mobile games. Skymoons has entered into cooperation agreements with a number of renowned international IP powerhouses with respect to the synchronized development and promotion of mobile games, films, anime and comics based on the same source materials.

The aggregate consideration consists of a fixed payment of RMB1.27 billion, as well as additional consideration valued at RMB730 million as of June 30, 2018 to be delivered in the event the acquiree satisfies the agreed upon performance benchmarks in the next two years
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