Quantum Bloom Group Ltd and 58.com (WUBA) acquisition information, including expected completion date and offer price, is displayed in the merger details table below. An invaluable buyout factsheet for traders and investors looking to trade the merger arbitrage spread.
This deal was successfully consummated on September 18, 2020
Acquisition Details | Value |
---|---|
Acquisition Target Stock Name | 58.com |
Acquisition Target Stock Ticker | WUBA |
Acquirer Stock Name | Quantum Bloom Group Ltd |
Announcement Date | April 2, 2020 |
Target Attitude | FRIENDLY |
Expected Completion Date | H2 2020 |
Deal Value | $8.7bn |
Offer Price | $56.00 |
Payment Method | All Cash Deal |
Initial Announcement | Press Release |
Investor Relations | ir@58.com |
Actual Completion Date | September 18, 2020 |

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58.com (WUBA) Acquisition
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58.com (NASDAQ: WUBA) Acquisition - Merger News and Events
The major Quantum Bloom Group Ltd and 58.com (WUBA) acquisition news updates & events are listed below. A comprehensive data source for traders & investors looking to familiarize themselves with the Quantum Bloom Group Ltd merger with 58.com (WUBA) and trade the merger arbitrage spread. Or, existing shareholders wishing to stay abreast of the latest deal developments. Following the acquisition news and events section, there is an in-depth company profile.
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58.com Company Profile
58.com Inc. operates various multi-category online classifieds platforms and vertical listing platforms that enable local businesses and consumers to connect, share information, and conduct business in the People’s Republic of China. It operates multi-content category online classified platforms primarily under the 58 and Ganji names; Anjuke, an online real estate listing platform; ChinaHR, an online recruitment platform that focuses on white collar jobs; and Jia Xiao Yi Dian Tong, an online platform for driver’s license examination preparation and other related services.
The company also operates Zhuan Zhuan, an online used goods trading and service platform; and 58 Town, a rural version of 58.com. Its platform offers content in the categories, including real estate, jobs, automotive, yellow pages, and used goods. 58.com Inc. was founded in 2005 and is headquartered in Beijing, the People’s Republic of China.