Chinese Company Jinke Becomes the Third Owner of Outfit 7

According of Forbes, the Outfit 7 Company founded by the richest Slovenes, Login spouses, will receive the third owner, which is the Chinese chemical company Jinke.

After the due representatives of the Samo and Iza Login spouses sold Outfit 7 for 1 billion US dollars to the United Luck Group Holdings, the Holding has resold it to the Chinese manufacturer of chemicals—the Jinke Company.

At the end of 2016, Jinke was mentioned as a possible buyer of Outfit 7. The Forbes writes that its bidding opponent was the United Luck Company registered in the Virgin Islands.

Jinke, which mainly specializes in the production of peroxide and other chemicals, has entered the market of entertainment technology after purchasing the Zhexin IT Company.

According to Forbes, Zhejiang Jinke Entertainment has signed a preliminary agreement to buy the company (a letter of intent), which was earlier owned by the Samo and Iza Login spouses.

Outfit7 Is Known for Its “Talking Tom” Application

The Outfit7 Company, known on the market as a developer of the mobile application “Talking Tom”, may cost the Chinese buyer from 100 million to 1 billion euros. The Outfit7 headquarters is in London, and the number of employees in its Ljubljana subsidiary Ekipa2 in 2016 amounted to 130 people. The annual income of the company amounted to 9.3 million euros.

After the Sale, the Login Spouses Remain Part of the Company Leadership

Selling the company to the Chinese has led to some personnel changes. Samo Login retains the post of the company Director, Žigo Vavpotič is elected as the Chairman of the Supervisory Board, and Jure Prek is appointed as the new Executive Director.

In addition, according to the British register of companies, the Chinese Weiping He and Shinji Cian have become the members of the company management. On her page in Linkedin, Iza Login indicated that she was the adviser to the company’s management.

Who Are the Login Spouses?

Slovenian spouses Iza and Samo Login are the founders of the Outfit 7 Company. The couple heads the Manager rankings, and their wealth is estimated at 699 million euros (in 2015, it was 855 million euros). The company successfully develops applications with talking animals. Besides, the Login spouses, the list of the richest Slovenes also includes another six co-owners of the Outfit7 Company.

Source: siol.net