Home > M&A deals 2020 > Ocean Link acquires 58.com, Inc.
Going Private · Internet Software and Services · April 2020

Ocean Link acquires 58.com, Inc.

On April 2, 2020, Ocean Link acquired 58.com, Inc., an internet software and services company in China, from Tencent Holdings Ltd.

Deal at a glance

AnnouncedApril 2, 2020 TypeGoing Private Target58.com, Inc. Buyer Ocean Link Seller Tencent Holdings Ltd. SectorInternet Software and Services LocationChina ValueNot disclosed

Target company

58.com, Inc.
China
Internet Software and Servicessector
-founded
Activestatus
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Buyer

Ocean Link
Company · 2 deals on record
  • 1st transaction in internet software and services
  • 1st transaction in China
2deals, all time
1in this sector
2020latest

Seller

Tencent Holdings Ltd.
Company · 14 deals on record
14investments
4in this sector
3exits

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Questions about this deal

Who acquired 58.com, Inc.?Ocean Link acquired 58.com, Inc. on April 2, 2020.

Who sold 58.com, Inc.?Tencent Holdings Ltd. was the seller.

What type of deal was it?It was a going private in the internet software and services sector in 2020.

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