Shanda Acquires Mochi Media for $80,000,000
- Feed Type
- Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8d54bc5f-05f8-4701-ac58-5b6b5b5e0f07&Preview=1 - Date
1/12/2010 - Company Name
Mochi Media - Mailing Address
611 Mission St. 5th Floor San Francisco, CA 94105 - Company Description
Our goal is to develop a network of properties that makes building web content fun and prosperous for our community of developers. Creativity, passion, and innovation are what drive us. Seeing the community prosper is what keeps us focused on our goals. - Website
http://www.mochimedia.com - Transaction Type
M&A - Transaction Amount
$80,000,000 - Transaction Round
- Proceeds Purposes
- M&A Terms
The company expects the $80 million deal—$60 million in cash, and $20 million in equity retention agreements—to close in Q1.
