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RSS FeedsPhoenix New Media Announces Further Update on Proposed Sale of Investment in Yidian
(WorldNews China)

 
 

20 january 2020 14:16:10

 
Phoenix New Media Announces Further Update on Proposed Sale of Investment in Yidian
(WorldNews China)
 


BEIJING, Jan. 20, 2020 /PRNewswire/ -- Phoenix New Media Limited (`Phoenix New Media`, `ifeng` or the `Company`) (NYSE: FENG), a leading new media company in China, today announced that it has entered into an agreement (the `Co-Sale Agreement`) with Long De Cheng Zhang (Tianjin) Investment Management Center and Long De Holdings (Hong Kong) Co., Limited (collectively, the `Long De Entities`) to settle the dispute with respect to the Long De Entities` co-sale rights under the existing shareholders agreement of Particle Inc. (`Particle` or `Yidian`) as previously announced by the Company. The co-sale rights were alleged in connection with the Company`s sale of shares of Particle to Run Liang...


 
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