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 […]

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Visit the original source and full text: China Money Network