SinoCast Daily Business Beat, a Chinese website, is reporting that Apple is preparing to acquire a Chinese game developer called Handseeing Information Technology. Handseeing’s business focus is Rich Internet Applications (RIAs). As US-based Apple Inc. is close to making the purchase of Handseeing Information Technology Co., Ltd., a mobile Internet service provider and a mobile […]
" />

Apple Considering Buying Chinese Game Developer?

SinoCast Daily Business Beat, a Chinese website, is reporting that Apple is preparing to acquire a Chinese game developer called Handseeing Information Technology. Handseeing’s business focus is Rich Internet Applications (RIAs).

As US-based Apple Inc. is close to making the purchase of Handseeing Information Technology Co., Ltd., a mobile Internet service provider and a mobile game developer in China, for as much as USD 150 billion, the emergence of more potential buyers has added to the uncertainty of the deal.

Apple’s plan to take over the Chinese company underscores its mounting interests in China’s potentially huge mobile Internet sector, which has been basically ignored by it for a long time.

The price tag of “150 billion” has to be a typo, or this whole story is a sham. No company is going to buy a game development studio for $150 Billion, besides, elseware in the report it states that Handseeing has received investments of around $150 million.

In another odd twist, just a month ago it was reported that one of Apple’s manufacturing partners, Foxconn, was eyeing Handseeing for acquisition.

We’ll have to see how this one plays out. It would be an odd move for Apple, but the second I read this story, I thought of John Gruber’s report on PatryKit, Apple’s (as of now) in-house web app SDK.

Continue reading:

TAGS: