Announced
Financials
Sources
Tags
Single Bidder
Friendly
Software
Public
Pending
software development
Acquisition
China
Minority
Synopsis
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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