StockMarketWire.com - Origo Partners Plc has announced the acquisition of Smarton5 (S5), an Origo portfolio company, by 6waves Lolapps, a global social and mobile game developer and publisher with significant venture capital backing.
The terms of the transaction were not disclosed, but Origo will retain an equity stake in the combined company.
S5, in which Origo held an 36 per cent equity stake, is a Beijing-based social gaming company focused on developing high quality social games with deeper game play experiences for Asian and international social networks.
6waves is the leading international publisher of gaming applications on the Facebook platform and has over 40 million monthly active players playing its games and using its applications.
The acquisition marks 6waves’ continued expansion into the Asian market adding Beijing to 6waves’ growing list of global offices which includes Hong Kong, Tokyo, London and San Francisco
At 9:10am: (LON:OPP) share price was +0.5p at 33.5p
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