Primavera pursues China online education take-private
Primavera Capital Group has submitted a $33.3 million take-private bid for Liulishuo, a China-based operator of an English language learning app. The company's stock has struggled following a recent crackdown on online education platforms in China.
The private equity firm and Liulishuo's three founders are offering to acquire all outstanding shares for $1.13 apiece, according to a filing. The stock has fallen 27% since the regulatory reforms were...
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