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Rumor: YY to Acquire Online Education Site Edu24oL

Sina Tech, 12/04/14

According to a financial industry source, YY Inc (Nasdaq: YY), operator of Chinese voice-chat SNS platform YY and online game portal Duowan, is currently considering an acquisition in the online education space. The acquisition will reportedly see YY's online education platform 100.com acquire online vocational education platform Edu24oL, while a different source claims the acquisition target is an online English-language training company. If the rumor proves to be true, the acquisition may be one of the largest in China's online education industry in 2014.

Keywords: Edu24oL Internet online education YY 100.com M&A

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