58.com $9 billion acquisition of strategic stake in Ganji.com

1/8/2015

Private acquisition

Value:

$ 9 billion

Status:

Completed

Date:

1/8/2015

Overview:

58.com, the largest online marketplace serving local merchants and consumers in China, has acquired a strategic stake in Falcon View Technology for $9 billion.
Falcon View Technology operates Ganji.com, a major classified advertisement website in China.
The two companies will continue operating their respective brands, websites and teams.

Hanna Rae Choi - Researcher

Jurisdiction:

China

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

China

Industry sector:

Technology and telecommunications

Firm:

Skadden Arps Slate Meagher & Flom

Party: 58.com (Acquirer)

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