According to sources close to the matter, Chinese online classifieds site 58.com (NYSE: WUBA) is in the process of hiring M&A investment specialists. The company is rumored to be already in discussions with several online recruiting sites regarding a potential acquisition.
A 58.com representative did not comment on the matter.
Editor's Note: For more information on this topic, please see "58.com Earmarks USD 300 Mln for Investment," MD 1/15/14 issue.
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