Biz Outsourzing Acquires Rival Chinese Mobile Game Developer YinHan

Chinese mobile games developer Biz Outsourzing has bought the business operations of rival YinHan Technology. YinHan is a six-year-old company has developed the role-playing game Journey to the West and Essence of Swords, both distributed over the China Mobile network. It also distributes games over other mobile platforms such as kJava, SMS and Interactive Voice Response. The union is aimed at strengthening both companies as they prepare to enter the U.S. market. Under the terms of the deal, Biz Outsourzing agrees to purchase the outstanding shares of common stock of Free World International through the exchange for 40,000,000 newly issued shares of common stock belonging to Biz. All the outstanding shares of YinHan’s capital stock are held in trust by Free World, which is incorporated in the British Virgin Islands. Release

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