Hurray calls off proposed merger with Enlight Media
Chinese mobile content provider Hurray and Chinese independent television producer Enlight Media have agreed to terminate a proposed $160 million merger first in mid-November 2007. The companies cited "a divergence in business strategies and a mutual determination that a combination would not be in their mutual interests." The deal would have created China's largest independent content provider.
For more on the Hurray/Enlight bust-up:
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