[HIB]Apple Eyes Chinese Online Game Developer

Technology giant Apple (Nasdaq: AAPL) is reportedly planning to buy a Chinese online game developer, Handseeing Information Technology, a move that could help it gain a foothold in the world's biggest Internet market.A top executive at Handseeing said, Friday, that Apple has been in negotiations with the Chinese firm for "a certain period of time" and the public could expect some sort of "incremental" announcement in September.Though the executive refused to say how much Apple is willing to pay for Handseeing, he said the firm is expected to fetch a price upwards of $150 million. The mainland's state-run news agency Xinhua has confirmed the news, quoting Tian Bo, Handseeing's deputy general manager.

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