Alpha Animation, a leading domestic animation company, planned to fully acquire 51 Pocket and 5agame, two online game developers, for 692 million yuan ($112.97 million) on aggregate via cash payment and private placement. 51 Pocket and 5agame are priced at 325 million yuan and 367 million yuan, respectively (report in Chinese).

51 Pocket, a mobile online game developer, currently has nearly 70 research staff. The company’s pet mobile game MxM, which recorded 61.82 million yuan of revenue in domestic market, is well received by South Korean, Japanese, and Australian market.

5agame, a casual game developer, currently has 78 staffs. The company’s premium games are Thunder Fighter, Fruit Slice, and Hero OL.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.