Tencent’s $1.2 bln bet on Bitauto may bring benefits in payments; acceleration will still require an auto recovery, says cbeddor
Tencent Holdings and private equity partner Hammer Capital have offered $16 per share in cash to take the New York-listed Bitauto Holdings private, the Chinese car comparison site announced on Sept. 13.
The offer represents a 16.4% premium to the stock’s closing price on Sept. 12.Brasil Últimas Notícias, Brasil Manchetes
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