CDC Corp., owner of Chinese Internet portal China.com, has bought Timeheart, which provides mobile content and messaging services, for about $15.7 million. China.com said its CDC Mobile unit will operate the newly acquired business. Timeheart, operating primarily in the northeastern and western provinces of China, logged a 2005 profit of about $3.5 million. Some more details in the release here.
Subscriber content
?
Subscriber content comes from Gigaom Research, bridging the gap between breaking news and long-tail research. Visit any of our reports to learn more and subscribe.
Advertisement
Advertisement
Advertisement
Comments have been disabled for this post