Andrew Chen, a Silicon Valley tech investor and blogger, announced the acquisition of Mochi Media, a US online games network, by Shanda Games, a Chinese online game developer. The acquisition, valued at $80 million, marks a significant move for Shanda Games in its global expansion strategy.
Mochi Media was founded by Jameson and Bob, who initially ran the company from a couple of tables in their living room. They have come a long way since then, growing into a successful online games network.
The acquisition of Mochi Media is a key part of Shanda Games' strategic expansion into the global online games market. The company has been actively seeking to acquire and integrate companies with strong positions in the US and other international markets.
Andrew Chen, who is known for his expertise in tech and startups, provided insights into the acquisition. He expressed his happiness for his sister Ada Chen and the entire Mochi Media team. He also highlighted the significance of the acquisition for both Mochi Media and Shanda Games.
The acquisition of Mochi Media by Shanda Games highlights the evolving landscape of the online games industry. It also underscores the strategic importance of global expansion for tech companies.
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