Announced
Completed
Financials
Tags
Private Equity
Domestic
Majority
Public
China
Privatisation
educational technology
Acquisition
Single Bidder
Friendly
Software
Completed
Synopsis
Primavera, a private equity firm, completed the acquisition of LAIX, an artificial intelligence company, for $56m. As a result of the merger, LAIX became a private company, the American depositary shares of LAIX, each of which represented fourteen Class A ordinary shares of the Company, are no longer quoted on the OTC Market, and the company's ADS program was terminated.
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