Searching for "MBO"
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Qi Xiangdong, president of Chinese internet services and security software provider Qihoo 360 (NYSE: QIHU), is reportedly considering a USD 300 mln management buyout (MBO) of Qihoo 360's enterprise security business, according to a source familiar with the matter. Read More
Qu Haibin, former CEO of Chinese online media and game operator Shanda Interactive's defunct wireless value-added services subsidiary Hurray (also known as Shanda Wireless), confirmed recently that Hurray and Shanda had quietly signed a management buy-out (MBO) agreement on December 15, 2011, officially ending Hurray's relationship with the Shanda system. Read More
An industry source has revealed that senior management at Kingsoft's (3888.HK) Powerword dictionary software subsidiary had signed a management buyout agreement with the company. Read More
According to an industry source, Kingsoft (3888.HK) CEO Zou Tao recently sold off a large number of company shares, but contrary to previous industry rumors, Zou is not dumping stock and then leaving the company, but rather selling the shares to complete a management buy out of online gaming subsidiary Westhouse. Read More
An industry source revealed today that Wu Guoliang, CEO of Chinese online game operator Ourgame, announced at the company's annual meeting that Ourgame had finished its management buyout (MBO) on December 8, buying back all the shares previously held by SeaRainbow Holding Corporation (000503.SZ) and Korean gaming company NHN, making Ourgame a wholly domestically owned enterprise once again. Read More