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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Visual China Group Co Ltd    000681   CNE000000BW8

VISUAL CHINA GROUP CO LTD

(000681)
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Visual China : buys Corbis Entertainment

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01/22/2016 | 08:29pm EST
Microsoft co-founder Gates attends the annual meeting of the World Economic Forum (WEF) in Davos

(Reuters) - Chinese image licensing company Visual China Group (>> Visual China Group Co Ltd) said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp's (>> Microsoft Corporation) co-founder Bill Gates.

(Reuters) - Chinese image licensing company Visual China Group (>> Visual China Group Co Ltd) said it acquired on Friday the image division and content licensing unit of photo library Corbis Entertainment, owned by Microsoft Corp's (>> Microsoft Corporation) co-founder Bill Gates.

The company signed another deal with media service provider Getty Images to distribute Corbis' images and content to customers, thus bringing in a major photo library and an image distributor to China.

Getty Images would distribute Corbis' content, creating a collection of over 200 million images and videos and certain archived historical contents for creative and editorial use.

Following the sale of its image assets, Corbis will be rebranded and its other businesses will operate under a new brand name.

As per the deal, Visual China's division, Unity Glory, will own and manage the images and motion archives, names and trademarks associated with Corbis Images, Corbis Motion and Veer licensing brands.

The financial terms for the deal were not disclosed.

After a transition period, Getty Images said it would offer Corbis creative stills, Corbis Motion content and Corbis archival and documentary content to its customers outside China.

Corbis, which is one of the leading image service provider like Reuters, was represented by Allen & Company LLC in the sale.

(Reporting by Rosmi Shaji in Bengaluru; Editing by Sandra Maler)

Stocks treated in this article : Microsoft Corporation, Visual China Group Co Ltd
Stocks mentioned in the article
ChangeLast1st jan.
MICROSOFT CORPORATION 0.96% 151.41 Delayed Quote.47.61%
VISUAL CHINA GROUP CO LTD End-of-day quote.
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Financials (CNY)
Sales 2019 908 M
EBIT 2019 392 M
Net income 2019 327 M
Finance 2019 368 M
Yield 2019 0,21%
P/E ratio 2019 43,0x
P/E ratio 2020 33,6x
EV / Sales2019 15,1x
EV / Sales2020 11,5x
Capitalization 14 082 M
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 10
Average target price 23,27  CNY
Last Close Price 20,10  CNY
Spread / Highest target 36,6%
Spread / Average Target 15,8%
Spread / Lowest Target -4,98%
EPS Revisions
Managers
NameTitle
Jun Liang President & Director
Jie Liao Chairman
Ji Jun Chai Board Secretary, Director, VP & Chief Editor
Yun Dong Zhou Director
Di Sheng Zhang Independent Director
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