NASDAQ-listed Chinese online game developer and operator KongZhong Corporation has received a preliminary non-binding proposal from its chairman and CEO, as well as IDG-Accel China Growth Fund II L.P., to take the company private, according to a company announcement. Wang Leilei, KongZhong's chairman and CEO, and IDG-Accel plan to acquire all of the company's outstanding […]


Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.


Visit the original source and full text: China Money Network