WUBA News and Press, 58.com Inc. American Depositary Shares each representing 2 Class A From 08/04/20

By ALT Perspective Last week, Chinese equities ( FXI )( MCHI ) generally lagged behind their U.S. counterparts ( SPY )( DIA ). U.S.-China tensions ratchet up a notch as political rhetoric turned harsher. Recent media headlines spelled the bearish prognosis of the U.S.-China relationship ...

This weekly column explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading pos...

China-based online media company Sina (NASDAQ: SINA) announced on Monday that it has received an offer to take the company private. Sina is the parent company of micro-blogging site Weibo (NASDAQ: WB) , best known as the Chinese equivalent of Twitter .  The take-private proposal ca...

58.com (NYSE: WUBA ) reports Q1 results that beat revenue estimates. Q1 highlights: Revenue of $361.37M (-17% Y/Y), the decrease was mainly due to the impact from the outbreak of COVID-19. Gross margin was 87.9% vs. a 90.2% year ago. Total number of paying business users was ~2.7M (-...

BEIJING , June 26, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online classifieds marketplace, today reported its unaudited financial results for the first quarter ended March 31, 2020 . First Quarter 2020 Highlights Total r...

NEW YORK, NY / ACCESSWIRE / June 24, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the ...

Buyout quick take 58.com ( WUBA ) is China's largest online classifieds marketplace and has recently entered a definitive agreement for a going-private transaction which will value the shares at $56 per ADS. The transaction implies an equity value of approximately US$8.7B for the company w...

Merger activity decreased last week with two new deals announced, and one deal closing. One of the two new deals announced last week was on our list of potential deals and the other one was a "going private" transaction. According to Reuters, Australian antitrust regulators expressed conc...

BEIJING , June 19, 2020 /PRNewswire/ -- 58.com Inc. (NYSE: WUBA) ("58.com" or the "Company"), China's largest online market place for classifieds, today announced that it plans to release its unaudited financial results for the first quarter ended March 31 , 2020 before the o...

NEW YORK, NY / ACCESSWIRE / June 17, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning th...