China’s 58.com (NYSE:WUBA) has received a preliminary, nonbinding proposal from Ocean Link Partners to acquire the company. The offer comes at $27.50 cash per Class A or Class B ordinary share, or $55 cash per ADS. That’s a near-18% premium to yesterday’s ADS closing price on NYSE. Ocean Link plans to …
Uxin (NASDAQ:UXIN) will sell its B2B online used car auction business to 58.com (NYSE:WUBA) for $105M.
The deal is expected to close in H1.
Uxin ADRs are up 17.9% pre-market to $1.45.