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May 29 (Reuters) - 500.Com Ltd:
* 500.Com Limited announces acquisition of shares of Melcolot Limited
* 500.Com Ltd says total consideration for sale shares is about HK$322.2 million (US$41.3 million), equivalent to approximately HK$0.252 per sale share.
* 500.com -entered share purchase agreement to purchase from Melco Lottventures Holdings Ltd an aggregate of 1.28 billion shares of Melcolot Ltd Source text for Eikon: Further company coverage: