Phoenix New Media sold a small amount of information equity and recovered $350 million

category:Internet
 Phoenix New Media sold a small amount of information equity and recovered $350 million


Beijing News shell finance news (reporter Liang Chen) on the evening of August 10, phoenix new media announced that it had signed a new share purchase agreement with runliangtai Management Co., Ltd., replacing the previous relevant agreements. According to the new agreement, Phoenix New Media sold the remaining 140 million shares of a little information at a price of 150 million US dollars, and has received the full price of runliangtai.

According to the announcement, the transaction will be conducted in two times, and phoenix new media has received the consideration of US $200 million for the first transaction by the end of 2019. The final deal, under the new agreement, was for a total consideration of $350 million.

Phoenix new media is the investor of round a, round a + and round B of little information. Before selling the shares to runliangtai, Fenghuang new media held about 37.63% of the shares of Yidian information, which was the largest shareholder of Yidian information. Industrial and commercial data show that Shunwei capital, Xiaomi technology, oppo and other companies participated in the follow-up financing of a little information.

New Beijing News shell financial reporter Liang Chen editor Chen Li proofread Liu Jun

Source: Wang Fengzhi, editor in charge of Beijing News_ NT2541