Indiagames Investment Announced


As noted here earlier, Indiagames, the mobile gaming firm, has received $4 million from Cisco and Macromedia..the ocmpany is majority owned by Chinese portal TOM Online.
Cisco and Macromedia will pay a total of $4 million for a combined stake of 18.2% in Indiagames through subscription of new shares. TOM Onlineā€™s share will be diluted to 62.42% from 76.3%

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