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Tencent jams pedal into battered China car market

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Tencent’s $1.2 bln bet on Bitauto may bring benefits in payments; acceleration will still require an auto recovery, says cbeddor

Tencent Holdings and private equity partner Hammer Capital have offered $16 per share in cash to take the New York-listed Bitauto Holdings private, the Chinese car comparison site announced on Sept. 13.

The offer represents a 16.4% premium to the stock’s closing price on Sept. 12.
 

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Reuters cbeddor SaveKishmir

cbeddor It is very good buy Tencent offer $16 the high for this share was over $75 before , so it is bargain .

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 /  🏆 470. in SE

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