 Bragar Eagel Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of 58.com Inc. WUBA breached their fiduciary duties or violated the federal securities laws in connection with the companys proposed merger with Quantum Bloom Group Ltd. On June 15, 2020, 58.com announced that it had signed an agreement to be acquired by Quantum Bloom Group Ltd for approximately 8.7 billion. Pursuant to the merger agreement, 58.coms stockholders will receive 28.00 in cash for each class A or B share and 56.00 in cash for each American depositary share ADS of 58.com owned. 