Submitted by: Paul Hu

April 21, 2007, cool 6 today announced the acquisition by seasoned way all the shares, the latter pipi nets is headquartered in hangzhou P2P video website online.

According to the announcement, cool 6 nets have and hangzhou SouShi network Co., LTD. (hereinafter referred to as “del piero nets”) shareholders to sell del piero nets matters reached an agreement that del piero nets will sell all of its stake to cool, cool 6 6 to the shareholders 2,212,114,257 pipi nets additional six common stock. Cool After completion, del piero nets will become a wholly owned subsidiary of cool 6.

The deal will be completed in forthcoming cool 6 special of shareholders for approval to the shareholders pipi nets provided secondary offerings expected in 2011, trading for the second quarter complete delivery.

Shanghai shanda networking Co., LTD. (one of the main shareholder cool 6 shanda interactive entertainment Co., LTD. Is a wholly owned subsidiary of the) of the earliest investors pipi nets, one of the shares held del piero nets 32%, but also the one of the selling shareholders pipi nets.

6 three by cool composed of special committee of independent directors, representing the deal cool 6 of the negotiations, and adopted the independent financial appraiser KPMG (KPMG consulting (China) Co., LTD.) the fair sex opinions about price. This special committee has in 2011, 20 April approved the deal.

Del piero nets each shareholder since projects signed delivery 181 days to 2 years for stock lock regular agreement.

For the merger, cool and acting CEO of ZhuHaiFa said: “we are very pleased to announce and del piero nets merger. Del piero network is the best one of the Internet video media merger with del piero nets, then we will became the first Chinese in the browser end and player end also achieve the network video company scale. We believe it will make cool 6 to get more chances realizing synergies and rapid development, in the growing Chinese online video market, expand the market share in the number of users and advertisers populations continue to grow.”

Del piero nets CEO YangLiangHai said: “we are very excited to cool. 2011 six realize merger on March, del piero player at the same time the online user peak has reached 53 million. The combined company would be growing China’s online video advertising market competition position dominating in to this point, we are full of confidence.”

Cool 6 shares ended down 9.17% on Wednesday and submitted $5.15.

Today, cool morning 6 today announced acquisitions of Internet video based on P2P technology pipi nets pipi media companies will sell all of its shares net, and cool to cool 6 6 to the shareholders 2,212,114,257 pipi nets additional six common stock. Cool After completion, del piero nets will become a wholly owned subsidiary of cool 6.

Cool and acting CEO of ZhuHaiFa said: “del piero nets is the best Chinese Internet video media, and one of the merger pipi nets, then we will became the first Chinese in the browser end and player end also achieve the network video company scale. We believe it will make cool 6 to get more chances realizing synergies and rapid development, in the growing Chinese online video market, expand the market share in the number of users and advertisers populations continue to grow.”

Cool won big in early April and June $100 million fund support, recently action after merger, the original affiliate in continuous: six media’s independent cool sound network affiliates art, make it become a division; cool 6 A strategic cooperation with the phoenix network, the cooperation of both sides etc.were mainly embodied in the movie channel online operation; And JinJuan international advertising company to reach formal strategic cooperation, the cooperation of both sides project “JinJuan cool” formally launched 6 sets, to rally television channel resources, through networks interactive promote the platform content to ascend; Launch mobile broadcast sharing platform “onlookers” and enable domain names weiguan. Com.

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