Reliance Games to enter China through JV
Q. Reliance Games will enter China through a JV. Which company will pick a 10% stake in its subsidiary company Zapak Mobile Games, valued at USD 150 million?- Published on 23 Sep 15a. Lead Eastern of China
b. Baidu
c. None of the above
d. Creative Cultural
ANSWER: Lead Eastern of China
Lead Eastern of China will pick 10% stake in subsidiary Reliance company Zapak mobile games with valuation at USD 150 million. Reliance Games, Lead Eastern Investment and Creative Cultural has formed exclusive JV in China for operating and marketing mobile games associated with intellectual properties owned and acquired by Zapak. The percentage of stakes will be 40%, 51% and 9% respectively. Lead Holding group is a leading Chinese conglomerate and Lead Eastern is a listed entity with interests in entertainment, broadcasting and distribution. Reliance Games, claims more than 200 million downloads across popular subjects such as "Real Steel," "Pacific Rim," "Hunger Games -- Catching Fire Panem Run," "Dancing with the Stars" and "Shadow Strike" through iTunes, Google Play, Amazon and Windows across 40 countries. Creative Cultural is a Hong Kong based firm engaged in intellectual property associated entertainment. Strategic partnership between Lead and Reliance will enable the latter to enter the Chinese market. Reliance Games currently operates three studios worldwide.
