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Apple Eyeing Chinese Gaming Firm

Apple is in talks to buy Chinese game developer Handseeing, according to China's Xinhua news agency.

CUPERTINO, Calif. (

TheStreet

) --

Apple

(AAPL) - Get Apple Inc. Report

is in talks to buy Chinese game developer

Handseeing

, according to

China's Xinhua news agency.

Handseeing's deputy general manager Tian Bo told

Xinhua

that the two companies are discussing the acquisition price, which is rumored to be $150 million, as well as other details.

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Based in Chengdu, the capital of Sichuan province, Handseeing specializes in rich Internet applications, which are widely used in online gaming.

This could prove key for Apple, particularly given the company's recent moves in this space. Apple is already touting its Game Center technology, part of the iOS 4 operating system, as a "new social gaming network."

Clearly keen to emulate

Microsoft's

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Xbox Live, Apple says that Game Center will be available to iPhone and iPod Touch users later this year.

The consumer tech giant, however, has not yet responded to

TheStreet's

request for comment on this story.

Apple rarely makes acquisitions. If it happens, the Handseeing deal would also mark the company's first Chinese M&A.

-- Reported by James Rogers in New York

Follow James Rogers on

Twitter.