A Chinese consortium led by China Oceanwide Holdings Group Co. is nearing a deal to purchase International Data Group Inc., the data and marketing firm that also runs venture-capital firm IDG Ventures, according to people familiar with the matter. The deal could be announced in the coming days, the people said. The Oceanwide consortium is paying less than $1 billion for International Data Group, one of the people said. Chinese...
A Chinese consortium is near to completing a deal to purchase US data and marketing firm China Oceanside Holdings, sources have said, with the purchase price said to be a little under $1bn. The consortium is led by International Data Group. 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.