Changyou To Buy Majority Stake In Raidcall For $50 Mln Cash - Quick Facts

(RTTNews) - Chinese online games operator Changyou.com Limited (CYOU) and Kalends Inc., a provider of Internet products and services, have entered into a definitive investment agreement for Changyou to acquire 62.5 percent of the equity interests of a company of Kalends that would hold assets associated with Raidcall, a free social communication platform, for $50 million in cash.

The transaction is expected to close in December. It is expected to accelerate Changyou's progress toward creating a global gamer platform.

Raidcall is a free social communication software that facilitates real-time online group activities through voice, text and video, allowing users to create and organize groups of varying size to participate in a wide range of online group activities like online games, music, karaoke and other live performance dynamics.

Raidcall has provided group communication services to over 20 million registered users to-date, including gaming teams such as Fnatic and Evil Geniuses. It is available in 14 different languages, and currently operates overseas in multiple regions, like Taiwan, Hong Kong, Macau, Brazil and Russia.