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China’s 51job Agrees to $4.3bn Buyout – Business Times


51job
A group backed by DCP Capital Partners and Ocean Link Partners reached a deal. Photo: 51job.

 

51job agreed to accept a lowered takeover offer from a private equity consortium valuing the Chinese online recruitment company at $4.3 billion, Singapore’s The Business Times reported.

An investor group backed by DCP Capital Partners and Ocean Link Partners reached a deal to buy the Nasdaq-traded firm for $61 per American depositary share, according to a statement.

Read the full report: The Business Times.

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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