KongZhong (KZ) Enters $299M 'Going Private' Deal
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KongZhong Corporation Enters into Definitive Agreement for Going Private Transaction
December 1, 2016 7:00 AM ESTBEIJING, Dec. 1, 2016 /PRNewswire/ -- KongZhong Corporation (NASDAQ: KZ) ("KongZhong" or the "Company"), a leading online game developer and operator in the People's Republic of China ("PRC"), today announced that it has entered into a definitive agreement and plan of merger (the "Merger Agreement") with Linkedsee Limited ("Parent") and Wiseman International Limited ("Merger Sub"), a wholly owned subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium in an all-cash transaction with a transaction value of approximately $299 million.
Pursuant to the terms of the... More
