Shanghai - Linktone (NASD: LTON), a provider of mobile entertainment and advertising services in China, announced on Wednesday that Indonesian media firm PT Media Nusantara Citra (MNC) has agreed to purchase at least 51% of its outstanding shares.

MNC is the largest and only integrated media company in Indonesia, with business operations in content production and distribution, TV networks, newspapers, tabloids, radio networks and online media.

"The increases to our cash balances will enable aggressive execution and implementation of our cross media strategy," said Linktone CEO Michael Li.

"Together, our companies will have a major opportunity to pursue advertising and WVAS cross-selling initiatives both in China and other Asian countries."

Related Links:
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http://www.mncgroup.com

http://www.linktone.com