WSJ – Dec 7 – Jiayuan.com International, the largest online dating platform in China, agreed to be bought by Baihe for $7.56 per share in a deal that values the company at ~$250M. The deal is expected to close in Q1 of 2016. Jiayuan executive Linguang Wu will become co-executive of the new company, which will be changing its name.
by Austen Hufford
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Summarized by the Courtland Brooks team