Shanghai Qiugu Investment Partnership Enterprise (Limited Partnership) agreed to acquire Smaato Inc. from Smaato Beteiligungsgesellschaft bürgerlichen Rechts and 31 other for approximately $150 million on June 8, 2016. Shanghai Qiugu Investment Partnership Enterprise (Limited Partnership) signed a share transfer agreement to acquire Smaato Inc. from Smaato Beteiligungsgesellschaft bürgerlichen Rechts and 31 others on August 2, 2016. Smaato Inc will remains as a brand within the framework of the new Chinese parent company. The deal is subject to final agreement signing, regulatory and each transaction party's decision-making body approvals. Wilson Sonsini Goodrich & Rosati and Grützmacher Gravert Viegener acted as the legal advisors to Smaato Inc.

Shanghai Qiugu Investment Partnership Enterprise (Limited Partnership) completed the acquisition of Smaato Inc. from Smaato Beteiligungsgesellschaft bürgerlichen Rechts and 31 other on December 21, 2016.