Hurray calls off proposed merger with Enlight Media

Chinese mobile content provider Hurray and Chinese independent television producer Enlight Media have agreed to terminate a proposed $160 million merger first announced in mid-November 2007. The companies cited "a divergence in business strategies and a mutual determination that a combination would not be in their mutual interests." The deal would have created China's largest independent content provider.

For more on the Hurray/Enlight bust-up:
- read this release

Related article:
Hurray sells off software unit to Taiwan Mobile