September 13, 2019 / 12:27 PM / 2 months ago

China's Bitauto gets buyout proposal from Tencent, Hammer Capital

Sept 13 (Reuters) - Bitauto Holdings Ltd said on Friday it has received a buyout proposal from Tencent Holdings Ltd and Hammer Capital for shares they don’t own in the Chinese online marketer.

The offer of $16 per share was at a premium of 16.4% over Bitauto’s Thursday closing price. (Reporting by Supantha Mukherjee in Bengaluru; Editing by Arun Koyyur)

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