China’S Didi Scores $500M In Addition To A $1.5Bn Spinoff Bargain Ahead Of An Early On 2019 Exit

From CityAM:

Chinese ride-hailing service Didi Chuxing today announced $500m (£380.1m) inward investment from the U.S. of A. nurture of Booking.com, amongst rumours of a potential bargain to sell off its machine services unit of measurement for $1.5bn.

Though the fellowship has withal to comment on whatever plans for an initial world offering, it is idea that Didi volition take away to sell the asset-heavy unit of measurement to appease novel investors earlier potentially floating inward Hong Kong early on side past times side year.

Reuters reported sources roughly the fellowship every bit proverb long-term investor Softbank is tapped for the deal.

Meanwhile U.S. of A. locomote theatre Booking Holdings, which oversees pop sites similar Booking.com, Kayak together with Priceline.com, has formed a strategic partnership with Didi amongst the $500m deal....MORE