In June 2016, GobiFund,Inc., JAFCO Asia Technology Fund, TDF Capital, Nokia Growth Partners, its founders and the rest of the shareholders signed a sales and investment agreement with BlueFocus to sell 51% of the shares of Madhouse Inc. for USD 61.2 million. Furthermore, BlueFocus has also injected USD 10 million of capital into Madhouse Inc.. Being established in emerging markets such as China and India, Madhouse Inc. is mainly involved in the domestic promotion of mobile brand advertisements and overseas promotion of mobile phone applications through its service platform. Madhouse Inc. possesses a self-invented advertisement broadcasting system that utilizes a smart mobile advertising platform and mass data technology to provide advertisers with information based on the spread of the mobile end market digital marketing services company.
As legal counsel for Madhouse Inc., Llinks provided a full range of China legal services for this project.
