58.Com Acquires 43.2% Of Ganji.Com For $1.6B

Login to View

New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. has agreed to acquire approximately 43.2% fully diluted equity stake in unlisted rival Ganji.com for around US$1.6 billion, according to a company announcement.

The deal includes approximately 34 million newly issued ordinary shares of 58.com and US$412.2 million in cash. The two companies will continue to operate their respective brands, websites and teams, but will seek to create synergies and further grow the combined company.

China Money Network

Subscribe & Access the Best Data and Intelligence on Chinese Venture Capital and Tech

Read 2 Articles for Free with a Basic Account

Gain limited and restricted access to China Money Network.

Register Basic Account

Subscribe for an annual subscription!

Enjoy comprehensive and exclusive data you can't find elsewhere!

More Info

Subscribe and Pay Easily Online!

Already have an account or paid subscription? Log in

China Money Network Subscription