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Group Proposing to Take 58.com Private Expanded to Larger Consortium

58.com, 4/30/20

Chinese online classifieds site 58.com (NYSE: WUBA) today announced an update to the "going-private" proposal it previously received at the beginning of this month, with the group making the proposal now being expanded from Ocean Link Partners alone to a consortium including Ocean Link Partners, Warburg Pincus Asia LLC, General Atlantic Singapore Fund Pte. Ltd., and 58.com Chairman and CEO Michael Yao (Yao Jinbo).

Editor's Note: To view 58.com's official announcement regarding the updated "going-private" proposal, please click here.

Keywords: M&A wireless Yao Jinbo Internet online classifieds 58.com General Atlantic Warburg Pincus WUBA Ocean Link

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