China DealBook
A Newsletter on Deal Making in China

By: ChinaDesk | November 18, 2016

A Newsletter on Deal Making in China

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Deal News

 

Vestas considers buying China's United Power
Danish wind turbine maker Vestas is looking at buying Chinese competitor United Power, Finans.dk. reported on Friday. The report said several independent sources, with knowledge of both Vestas’ and United Power’s strategies, had confirmed that a takeover or a partial takeover was on the table.

 

Deutsche Bank says sells China's Hua Xia Bank stake for $3.37 billion
Deutsche Bank said on Friday it has sold its 20 percent stake in Chinese lender Hua Xia Bank for a total sum of around 23.2 billion yuan ($3.37 billion) to PICC Property and Casualty Co.

 

Suning-Controlled PPTV Buys English Premier League TV Rights For Record $700M
The English Premier L...

By: ChinaDesk | November 15, 2016

A Newsletter on Deal Making in China

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Deal News


IDG in advanced talks to sell itself to Chinese buyout group
International Data Group, a pioneer in technology publishing and owner of such venerable names as PCWorld and the market research firm IDC, is in talks to sell itself for more than $1 billion to a Chinese investor group headed by IDG of Greater China chairman Hugo Shong.

 

The identity of the other investors in the group and the exact size of the deal could not be learned. But the sale of the company could face regulatory troubles. The Chinese buyout group will likely need to seek approval from the U.S. Committee on Foreign Investment (CFIUS), the government panel that scrutinizes deals over national security concerns before finalizin...