Apple can buy Chinese gaming company Handseeing
Apple Inc is in talks to buy Chinese software maker Handseeing, an executive at the Chinese company said on Friday, a deal that would mark the iPhone maker’s first acquisition in the country.
“We should have a decision in about one or two months,” Tian Bo, vice-president for operations told Reuters by phone. “They’re still talking about it and it’s not quite settled yet right now.”
Software maker HandSeeing operates high-end applications that can be used for developing online games, graphics and set-top box social networking. HandSeeing is also a key technology partner for China’s largest social networking community, Tianya, its largest chess platform, Lianzhong, and the country’s first game-themed amusement park, Joyland.
If realised, the deal could point to an effort by Apple to push harder into the gaming or China markets, where it has not previously had a significant presence.
In China, Apple operates two retail stores in Beijing and Shanghai and has said it is on track to have 25 such outlets in China by the end of next year. It also sells its iconic iPhone through mobile operator China Unicom Ltd.
The maker of the iPhone and iMac computers has nearly $46 billion in cash, the biggest cash hoard among U.S. technology companies and roughly equivalent to a fifth of its total market capitalization.
It’s estimate that deal could be worth up to 150 million dollars.
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