Two more Chinese tech companies get buyout offers from CEOs

July 9, 2015 creative amazon-comsince, chief-executive, china, deal-valuing, get-offers, guoqing, latest, said-the-novel, thursday

Chinese video streaming website operator YY Inc and online retailer E-Commerce China DangDang Inc, on Thursday, became the latest in a string of Chinese companies to get offers to be taken private. Chairman Jun Lei and Chief Executive David Li offered to take YY private in a deal valuing it at about $3.69 billion, while E-Commerce China CEO Guoqing Li and Chairwoman Peggy Yu Yu offered $7.812 per ADS for the online book and media retailer.

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Two more Chinese tech companies get buyout offers from CEOs