Shenzhen Shenghuayu Energy Conservation Service completed the acquisition of Yitian Xindong from Phoenix New Media for $44m.

Synopsis

Shenzhen Shenghuayu Energy Conservation Service completed the acquisition of Yitian Xindong, a company which owns and operates the Tadu Apps that provide digital reading services, from Phoenix New Media, a media company in China, for $44m.

Principals

target

Yitian Xindong

bidder

Shenghuayu Energy Conservation Service

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Market Context

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Vendor Team (3)

jack wang

Communications Director at ICR

PR Consultant

vendor

Deals

£ 246 M

Total Value

qing liu

Investors Relations Manager at PHOENIX NEW MEDIA

Manager

vendor

Deals

£ 301 M

Total Value

shuang liu

CEO at PHOENIX NEW MEDIA

Manager

vendor

Deals

£ 301 M

Total Value

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