PLANO, Texas-E-Mobile Information Technologies acquired mobile entertainment provider CHL Technologies, the companies announced.
The acquisition was necessary for CHL to go public, according to a company spokesman. CHL, which will take E-Mobile’s name, will work to expand in China and will more aggressively pursue other markets worldwide, he said.
CHL provides technical and content solutions for smart phones and has focused primarily on the Chinese wireless market. CHL develops and markets applications and value-added services such as books, video games, and security-related content for smart phones.
E-Mobile Information Technologies’ stock, an over-the-counter pink sheet stock that began trading earlier in August, was up 46 percent mid-day Tuesday to 44 cents per share.
