Hurray Cancels Its $160 Million Merger With TV Producer Enlight

Chinese mobile content provider Hurray has nixed its planned $160 million merger with TV production company Enlight. The two companies said in November that they would combine, melding their various assets and distribution capabilities under the name Hurray Enlight Media. Today's announcement is very sparse. It simply states that the deal has been pulled "due to a divergence in business strategies and a mutual determination that a combination would not be in their mutual interests." No other substantive reason was given, although it's hard to imagine that that's the whole story. Hurray was to have owned 65 percent of the combined company, which would have been one of the largest independent mobile media companies in China. Release

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