Linktone announced the acquisition of Okezone.com, Indonesia's third most popular online news and entertainment site. Linktone, a provider of media and entertainment content in Asia, acquired Okezone.com from PT Media Nusantara Citra Tbk, the company's indirect majority shareholder. The company says this acquisition will help expand Linktone's reach across Asia and greatly diversify revenue base.
Additionally, Linktone announced the company's principle executive offices will move from Shanghai, China to The Republic of Singapore. The company believes the move will allow for better growth opportunities outside China and address the needs of partners in other targeted countries in the region.