One of China’s largest online game operator Changyou.com Limited has entered into an agreement to acquire 51% of San Francisco-headquartered mobile phone browser developer MoboTap Inc. for US$91 million, according to a joint announcement. Changyou.com, a subsidiary of Chinese Internet portal operator Sohu.com Inc., will also subscribe a US$30 million zero-coupon five-year convertible bond issued […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.