GetJar, a San Mateo, Calif.-based company that once was viewed as the king of mobile app distribution, is in the process of being acquired by Sungy Mobile Limited. Sungy, based in China, is the company behind Go for Android, an operating environment that sits on top of Android OS. The deal is likely to be announced next week, our sources said. Sungy is said to have paid over $50 million, according to those sources.

Sungy Mobile opened for trading on NASDAQ Stock Market on November 22, 2013.

Sungy has been around since 2004, and was founded by Deng Yuqiang and Zhang Xiandong. Its investors included IDG Partners, WI Harper, and Jafco Ventures. It was famous for its mobile portal 3g.cn. In 2008 Sungy launched its apps on Android Market, including the most popular launcher on Google Play, Go Launcher. It is currently a top publisher of applications on Google…