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New Deal


Announced

Zhengdong Zhu and Baohong Yin to acquire China Distance Education for $304m.

Financials

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Transaction Value£239m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium25.8%
One Off Charge-

Tags

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Privatisation

China

Pending

Public

Acquisition

Education Services

Single Bidder

online education

Majority

Friendly

Synopsis

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Zhengdong Zhu and Baohong Yin, co-founders of China Distance Education, a provider of online education, offered to acquire and take the company private for $304m. The buyer group intends to fund the consideration for the proposed transaction with a combination of debt and/or equity capital.

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