Mobile2win China’s rumoured sale to Walt Disney is back in news again. The Economic Times reports that a deal between Disney and M2W is likely to be announced this week. In a post on July 25, we had written that Disney-M2W deal had fallen through based on our conversation with sources close to Mobile2win India (Read an Interfax China report on the same). We worked our sources again to find the truth. The source says, Disney has been talking to M2W for the last 10 months or so. But a deal has not been consummated nor one is in the near future. But the truth is M2W China is up for sale, and Disney continues to talk to M2W for a potential buyout. Now it’s only a question of “when”.
Strangely, Nick Zhang, the CEO of Mobile2win China, has his bio up here where it’s mentioned that he had successfully concluded a deal with Disney. But he continues to be the CEO of M2W’s Chinese ops.
Related:
–Mobile2win China’s Attempted Sale To Disney Tokyo Fell Through
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