June 12, 2020 / 12:24 PM / 2 months ago

Tencent-backed investor consortium to take Bitauto private in $1.1 bln deal

June 12 (Reuters) - Chinese car comparison website Bitauto Holdings Ltd said on Friday it would be taken private by a Tencent Holdings Ltd backed investor consortium in an all-cash deal for $1.1 billion.

Reporting by Akanksha Rana in Bengaluru; Editing by Aditya Soni

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