Chinese animation giant MultiMetaVerse Holdings to acquire Taomee Brands
MultiMetaVerse Holdings Limited (MMV), a key player in China’s animation and youth entertainment sector, announced it will acquire 100% equity in Shanghai Shengran Information Technology Co., Ltd. and its consolidated VIEs, collectively known as Taomee. The cash deal, set to conclude by year-end, consists of a fixed consideration of RMB 543 million and a variable […]