 58.com Inc. NYSE: WUBA 58.com or the Company, Chinas largest online classifieds marketplace, today announced that it has entered into a definitive Agreement and Plan of Merger the Merger Agreement with Quantum Bloom Group Ltd, an exempted company with limited liability incorporated under the law of the Cayman Islands Parent and Quantum Bloom Company Ltd, an exempted company with limited liability incorporated under the law of the Cayman Islands and a wholly-owned subsidiary of Parent Merger Sub, pursuant to which, and subject to the terms and conditions thereof, Merger Sub will merge with and into the Company with the Company being the surviving company and becoming a wholly-owned subsidiary of Parent the Merger, in a transaction implying an equity value of the Company of approximately US8.7 billion in which the Company will be acquired by a consortium of investors the Consortium. 