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Bestv New Media Co Ltd Establishes Joint Venture with Microsoft Corp


Monday, 30 Sep 2013 08:00pm EDT 

Bestv New Media Co Ltd announced that it has completed the establishment of a joint venture with Microsoft Corp. The joint venture capitalized at USD 79 million is engaged in the design, development and production of game, entertainment and application software, the sale, license and marketing of game, entertainment and application software, as well as the technical consulting and services for game console, located in Shanghai. Bestv New Media holds a 51% stake and Microsoft holds a 49% stake in the joint venture respectively. 

Company Quote

45.205
0.255 +0.57%
3:52pm EDT