Scalper1 News
Shares of China social platform YY (YY) and e-commerce firm Dangdang rose Thursday after each separately announced plans to join the go-private trend, announcing buyout offers led by company executives. YY, nicknamed China’s Twitter (TWTR), announced a buyout valued at $3.7 billion. YY stock was up 3% in midday trading in the stock market today, near 60. YY had collapsed to a four-month low of 52.01 on Tuesday amid a broader China stock market Scalper1 News
Scalper1 News