|By PR Newswire||
|July 30, 2014 08:38 AM EDT||
BEIJING and DALLAS, July 30, 2014 /PRNewswire/ -- NQ Mobile Inc. ("NQ" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced that its board of directors (the "Board") has received a non-binding proposal from Bison Capital Holding Company Limited ("Bison") to acquire all of NQ's outstanding ordinary shares and American Depositary Shares ("ADSs," each representing five ordinary shares of NQ). Bison has proposed a fixed cash consideration of US$9.80 per ADS.
The Board is reviewing the proposed transaction, and may retain independent advisors, including an independent financial advisor, to assist it in its work. No decisions have been made by the Board with respect to its response to Bison's proposal. There can be no assurance that any definitive offer will be made, that any agreement will be executed or that this or any other transaction will receive necessary approvals or be consummated.
About NQ Mobile
NQ Mobile Inc. (NYSE: NQ) is a leading global provider of mobile Internet services. NQ Mobile is a mobile security pioneer with proven competency to acquire, engage, and monetize customers globally. NQ Mobile's portfolio includes mobile security and mobile games & advertising for the consumer market and consulting, mobile platforms and mobility services for the enterprise market. As of December 31, 2013, NQ Mobile maintains a large, global user base of 481 million registered user accounts and 136 million monthly active user accounts through its consumer mobile security business, 107 million registered user accounts and 20 million monthly active user accounts through its mobile games & advertising business and over 1,250 enterprise customers. NQ Mobile maintains dual headquarters in Dallas, Texas, USA and Beijing, China.
NQ Mobile Inc.
Email: [email protected]
Phone: +852 3975 2853
+1 469 319 5281
SOURCE NQ Mobile Inc.
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides private all-in-one social intranets allowing workers to securely collaborate from anywhere in the world and from any device. Social, mobile, and easy to use. MangoApps has been named a "Market Leader" by Ovum Research and a "Cool Vendor" by Gartner. 20,000+ business custome...
Jul. 5, 2015 04:00 PM EDT Reads: 1,850
Jul. 5, 2015 03:30 PM EDT Reads: 1,523
Jul. 5, 2015 03:00 PM EDT Reads: 1,269
Jul. 5, 2015 03:00 PM EDT Reads: 2,378
Jul. 5, 2015 03:00 PM EDT Reads: 2,802
Jul. 5, 2015 02:30 PM EDT Reads: 1,469
Jul. 5, 2015 02:30 PM EDT Reads: 1,904
Jul. 5, 2015 02:30 PM EDT Reads: 1,430
Jul. 5, 2015 02:30 PM EDT Reads: 1,183
Jul. 5, 2015 02:15 PM EDT Reads: 1,538
Jul. 5, 2015 02:00 PM EDT Reads: 1,394
Jul. 5, 2015 01:30 PM EDT Reads: 1,510
Jul. 5, 2015 01:00 PM EDT Reads: 2,383
Jul. 5, 2015 01:00 PM EDT Reads: 2,324
Jul. 5, 2015 01:00 PM EDT Reads: 1,277