China Game Development and Issuer - Le Tour Technology (1089.HK) said on Monday that it intends to join the United States Certain Affinity and jointly develop and produce games based on Transformers' rights.
Certain Affinity is an independent video game development studio based in Austin, Texas, known for creating innovative, high quality action games, including Call of Duty and Halo.
Under the terms of the agreement, Le Tour Technology agreed to acquire 20% of the issued share capital of Certain Affinity at a consideration of US $ 10 million while providing interest-free loan financing of approximately $ 15 million to Certain Affinity as a payment for the cost of providing the development services for Transformers And expenses.
In addition, Le Tour Technology will enter into a voting agreement with Certain Affinity and its shareholders to acquire the shares granted by Certain Affinity's shareholders, allowing Le Tour Technology to acquire the remaining shares of Certain Affinity at a cost of not more than $ 150 million, with the execution date from Certain Affinity The financial statements for the year ended December, 2002, respectively.
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