IDG Capital, China Oceanwide to buy International Data Group
China-focused technology investor IDG Capital has agreed to take a controlling stake in IDG Ventures, the global investment business of International Data Group (IDG) as part of a joint acquisition of IDG with privately held conglomerate China Oceanwide Holdings Group.
China Oceanwide will become controlling shareholder of IDG’s operating businesses, which cover technology-related media, data and marketing services. Terms of the deal – which is expected to close...
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