A Chinese consortium is near to completing a deal to purchase US data and marketing firm International Data Group, sources have said, with the purchase price said to be a little under $1bn. The consortium is led by China Oceanside Holdings. A deal would mark another purchase by Chinese buyers, which have been aggressively shopping overseas for the coming days in the hope of gaining foreign assets as the yuan depreciates.
A Chinese consortium is near to completing a deal to purchase US data and marketing firm International Data Group, sources have said, with the purchase price said to be a little under $1bn. The consortium is led by China Oceanside Holdings. A deal would mark another purchase by Chinese buyers, which have been aggressively shopping overseas for the past year in the hope of gaining foreign assets as the yuan depreciates.