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China’s Lead Eastern Group acquires 10% stake in Zapak Games

  • Reliance Games’ mobile gaming
    company Zapak Mobile Games, a unit of Reliance Entertainment, has sold 10 per
    cent stake to China’s
    Lead Eastern Group for $15 million, the
    Times
    of India
    said in a report.
  •  
  • Reliance will also form a
    • Reliance Games’ mobile gaming
      company Zapak Mobile Games, a unit of Reliance Entertainment, has sold 10 per
      cent stake to China’s
      Lead Eastern Group for $15 million, the
      Times
      of India
      said in a report.
    •  
    • Reliance will also form a
      three way joint venture with Lead Eastern and Creative Cultural in China
      to develop and market mobile games.
    •  
    • The JV would aim to create,
      operate and market mobile games, based on intellectual properties owned and
      acquired by Zapak. Reliance and Lead Eastern Group will own 40 per cent and 51
      per cent stake respectively, in the JV, while Creative Cultural will hold the
      rest of the stake.


    •  
    • Amitabh Jhunjhunwala, group
      managing director, Reliance Group, said, “We are delighted to partner with
      Lead Group, and we believe this will accelerate the growth and reach of our
      gaming business in the China
      marketplace, along with continued expansion in the global markets. This partnership
      will enable both the companies to leverage their core competencies.”
    •  
    • Lead Holding group is a
      leading conglomerate in China,
      with diversified business interests in real estate, tourism, finance &
      capital services, media & entertainment, gaming, logistics, etc. Lead
      Eastern, part of Lead Holding, is a listed entity with interests in film,
      television, gaming content creation, broadcasting and distribution.
    •  
    • “Strategic partnership
      between Lead Eastern and Reliance Games will enable the two companies to expand
      extensively in China
      and global markets. What excited Lead about the partnership with Reliance Games
      was the growth track record, high-quality management, and games portfolio with
      significant success in Action and Sports genre,” said Chunfeng Wang,
      chairman of Lead Eastern Company.

     

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