Buongiorno Buys Chinese Mobile Content Services Firm DongAsia For $2.7 Million
Italian mobile content company Buongiorno has acquired Chinese mobile content service firm DongAsia through its JV Buongiorno Hong Kong (it owns 49 percent of the latter, with the rest being owned by Mitsui & Co). Buongiorno Hong Kong will buy up to 80 percent of eDongAsia for $2.7 million, with the rest staying with the current shareholders.
Buongiorno will offer B2B services for telecom companies and introduce the Blinko brand for its B2C efforts. In the Asia Pacific Buongiorno also has operations in India, Vietnam, the Philippines, Thailand, Malaysia and Australia. (press release)
yo rafat! it would be more relevant and helpful if you were going to report as "Money" deals for the mobile space would be deal metrics like pre money valuation, acquisitionon cash flow, revs or subscribers for in thiscase… edong. with some of these datapoints the reader could extraplate the terms of the deal and how deals involving emerging companies or markets are being priced . in that way you would distinguish your blog as more than a summary or synopis of the pres release. dig?
fitz
it depends on what the company releases…no one would disclose the numbers you are asking for. we use whatever is disclosed. sometimes we get other info from our sources, and we use that as well.