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  5. China Literature Acquires New Classics Media

M&A Deal Summary

China Literature Acquires New Classics Media

On August 13, 2018, China Literature acquired media company New Classics Media

Acquisition Highlights
  • This is China Literature’s 1st transaction in the Media sector.
  • This is China Literature’s 1st transaction in China.

M&A Deal Summary
Date 2018-08-13
Target New Classics Media
Sector Media
Buyer(s) China Literature
Deal Type Add-on Acquisition

Target

New Classics Media

Beijing, China
New Classics Media Corp. is a producer of a number of premium TV series, web series and films, covering a broad array of genre. New Classics Media was founded in 2007 and is based in Beijing, China.

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Buyer(S) 1

Buyer

China Literature

Shanghai, China
Category Company
Sector Media
DESCRIPTION

China Literature Ltd. is an online literature platform. The Company owns nine major branded products. Among these, QQ Reading, a unified mobile content aggregation and distribution platform, is the flagship product. Other products focus on individual genres and their respective fan bases.

DEAL STATS #
Overall 1 of 1
Sector: Media M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: China M&A 1 of 1
Year: 2018 M&A 1 of 1
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