Haier to acquire a 42% stake in Autohome from Ping An for $1.8bn.

Synopsis

Haier, a multinational home appliances and consumer electronics company, agreed to acquire a 42% stake in Autohome, an online destination for automobile consumers, from Ping An, a financial conglomerate, for $1.8bn.

Principals

target

Autohome

bidder

Haier Electronics

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Market Context

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Seller Team (2)

suri cheng

Director at Christensen IR

PR Consultant

target

Deal

£ 1.43 B

Total Value

sterling song

Investor Relations Director at AUTOHOME INC

Manager

target

Deal

£ 1.43 B

Total Value

Bidder Team (1)

zhang ruimin

CEO at HAIER ELECTRONICS

Manager

bidder

Deals

£ 2.71 B

Total Value

Vendor Team (1)

michael guo

Executive Director, Co-CEO and Senior Vice President at PING AN INSURANCE GROUP

Investor

vendor

Deals

£ 2.79 B

Total Value

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