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Announced

Bitauto Holdings to merge with Yiche Holding.

Synopsis

Bitauto Holdings, a leading provider of internet content & marketing services, and transaction services for China's automotive industry, agreed to merge with Yiche Holding. Financial terms were not disclosed. Bitauto Holdings will be acquired by an investor consortium led by Tencent Holdings-backed Morespark and Hammer Capital in an all-cash transaction.

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