Hurray! to Acquire Magma, a Java Game Developer and Publisher
BEIJING, Dec. 30 /Xinhua-PRNewswire/ -- Hurray! Holdings Co., Ltd. (Nasdaq: HRAY - News), a leader in advanced wireless value-added services, digital music production and distribution, and mobile telecommunication network software in the People's Republic of China, today announced the signing of definitive agreements to acquire 100% of the equity interest in Shanghai Magma Digital Technology Co., Ltd. (''Magma''), a leading developer and publisher of wireless Java games in China. Founded in October 2001, Magma has built up an experienced wireless game development team, which has successfully published approximately 200 original in-house games including its signature series, "YY Cat'' and ''PP Pig,'' and other popular games, such as ''Han Dynasty'' and ''108 Heroes.''