technology news April 16th noon news, Sina Technology from informed sources, recently transferred the 58 merger, raise a Babel of criticism of the market before the normal advance is nearing the end of two, the official news of the merger will be the fastest disk before today announced.
had informed sources said that the two companies have signed a memorandum of understanding in April 14th. The combined valuation of the new company will be as high as $10 billion.
the source also said that due to fear of antitrust investigation, the transaction may be carried out in two stages. 2 times the size of the 58 city Ganji. Last year, Tencent acquired 58 stake in the city of 20%. Last month, 58 city to $267 million in cash and stock acquisition of live off.