58 and go to the market with arch rivals had started brewing 7 years agoPosted by: admin | Posted on: March 10, 2017
58 and fair dead enemy why with enmity these years
there is no eternal enemies, only permanent interests, this business truth will come true again. 58 city and Ganji the two former rivals, suddenly become a loving couple!
April 14th evening news, according to the British "Financial Times" reported that the "58 city and Ganji soon to be announced tomorrow to merge, after the merger the new company the highest valuation will reach $10 billion."
According to Sina
quoted informed sources, the evening of April 13th 58 city and Ganji both sides of the negotiations, the negotiations continued to 14 days at 4 o’clock. The two companies signed a memorandum of understanding on April 14th. Due to fear of antitrust investigation, the transaction will be carried out in two stages. The fund has withdrawn from the market or investment ranks, and 58 city or as new investors to offer, the message not been confirmed by both parties.
affected by the merger news, 58 city shares in the United States on Tuesday morning rose more than 20%, the market value of nearly $6 billion.
titanium media editors from the current market value of the company’s statistics, the two sides together is unlikely to reach $10 billion directly. Do not rule out the 58 city first revealed the wind, the possibility of high stock prices.
for both the evening of April 14th from the merger news, 58 and go to the market and declined to respond positively, ganji.com public relations department said this week four issue reply.
there are a number of news media said, the 58 city has proposed convertible merger plan to ganji.com, the ratio between 3:7 And 5:5. At the same time on both sides of the bet and the investment of the Tiger Fund, is actively promoting the matter.
58 city and go to the market after slobber war continued. Last July, the 58 city will be asked to consider the acquisition of ganji.com, Yao Jinbo replied firmly, "ganji.com users are a subset of our users, businesses also our subset of products is our copy, the acquisition of such a company does not have any meaning." (see article "Yao Jinbo titanium media: we will not talk about the acquisition of the fair acquisition of the meaning of a company"). But Ganji is Diamond cuts diamond., published an open letter in response, Yao Jinbo said the 58 accused of inappropriate words and deeds, "city without integrity". The open letter also said that "all behavior of the acquisition of 58 city fair" is a city of 58. (see Article 58 "market response to titanium media Yao Jinbo’s" provocative ": you too not quality").
said so, according to the verification of the titanium media in the domain name trading website, Yao Jinbo has bought the 58ganjin.com and ganjiwang.com domain name, ownership are owned by the 58 city, and the registration time was 200>