March 2nd, 2005 by Arjan Olsder Posted in Companies & M&A | No Comments »
Vishal Gondal says he was “surprised by the interest but sensed the fit was right” between his games company, Indiagames, and Tom Online, the Chinese internet company. The deal was also without precedent: it was the first time an Indian technology company had been bought by a Chinese counterpart.
Gondal, a 28-year-old entrepreneur who has been dabbling in start-ups since his school days, is unfazed by the significance of Tom Online’s $18 million purchase of an 81 per cent share in Indiagames, India’s biggest publisher of games for mobile phones. More …
