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New Deal


Announced

Tencent to acquire a 5% stake in Weaver Network for $110m.

Financials

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Transaction Value£85m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Friendly

Software

Public

Pending

software development

Acquisition

China

Minority

Synopsis

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Tencent, a multinational conglomerate company, agreed to acquire a 5% stake in Weaver Network, a Chinese office software maker, for $110m. Tencent is optimistic about the target firm's business prospects and there should be more collaboration between the parties in the future.

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