Chinese mobile content company Linktone has taken a majority (51 percent) stake in Chinese mobile gaming publisher Ojava. Founded in 2004, Ojava has been publishing role-playing games based on Chinese historical backgrounds and traditional stories.
Linktone will initially pay approximately $1.8 million in cash for a 51% equity interest in Ojava. Linktone will also make a further payment of about $1.6 million upon the fulfillment of certain operating conditions. Linktone also has an option to purchase the remaining 49% interest in Ojava.
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