Fang’s Holdings Limited, the operator of real estate portal, Fang.com, offers marketing, e-commerce, listing, and other value-heavy services for the Chinese real estate market.
Recently, the company has announced its up 13.9% thanks to General Atlantic offering to acquire the Chinese company at a 20% premium. General Atlantic is an American growth equity firm providing capital and strategic support for global growth companies.
Specifically, General Atlantic has offered a nonbinding privatization proposal to the company, something that seems to have sparked the interest of investors.
General Atlantic Singapore Fund and its affiliates are looking to buy all of the outstanding shares and American Depository Shares that it doesn’t already own for $1.468 a share.
Furthermore General Atlantic is suggesting to finance the deal with equity capital and some debt capital to make the offer even more tantalizating.
Schibsted, the Norwegian conglomerate that operates marketplaces in the Nordics, Europe and Latin America, has released its Q1 2024 numbers...
Read More
Adevinta has received regulatory approval for its imminent acquisition by Aurelia Bidco Norway, comprised of the Permira and Blackstone consortium....
Read More
This week's hiring roundup is shorter, but our two stories both come straight from the C-suite. Lamudi Philippines hires...
Read More
This week's funding roundup includes another iBuyer that is no longer an iBuyer, and an interesting marketplace for the older...
Read More
