NQ Mobile (NQ) Deals Expected to Go Through - Rosenblatt
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NQ Mobile Inc. enters into a binding agreement to sell Beijing Tianya
November 18, 2015 6:55 AM ESTBEIJING and DALLAS, Nov. 18, 2015 /PRNewswire/ -- NQ Mobile Inc. ("NQ Mobile" or the "Company") (NYSE: NQ), a leading global provider of mobile Internet services, today announced it has entered into a legally binding agreement (the "Agreement") to sell 100% of the equity interest in Beijing Tianya Co., Ltd., which operates NQ Mobile's mobile health applications related business, to Tack Fiori International Group Limited ("Tack Fiori"), a Cayman Islands company listed in Hong Kong, for an aggregate consideration of US$40 million, or the RMB equivalent, in cash (the "Consideration"). Beijing Tianya... More
