Why AsiaInfo-Linkage Soared

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of AsiaInfo-Linkage (Nasdaq: ASIA  ) soared by as much as 17% today, popping intraday on reports that private-equity funds may be interested in acquiring the company.

So what: The company had received a buyout offer in January from a subsidiary of CITIC Capital China Partners and also saw similar private equity buyout speculation the following month in February, according to Reuters. The speculation is back, with Reuters again saying that private-equity funds have expressed interest in acquiring the company.

Now what: Potential suitors include Silverlake, TPG Capital, and Primavera Capital, and the possible deal supposedly values AsiaInfo at more than $1 billion. The company had previously tapped Goldman Sachs as an advisor and began scouting for other offers in March. Other bidders are now throwing their hats in the ring, and all offers are due near the end of the month.

Interested in more info on AsiaInfo-Linkage? Add it to your Watchlist.

Fool contributor Evan Niu holds no position in any company mentioned. Check out his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Goldman Sachs. The Motley Fool has a disclosure policy. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1914425, ~/Articles/ArticleHandler.aspx, 3/31/2015 1:30:12 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Apple's next smart device (warning, it may shock you

Apple recently recruited a secret-development "dream team" to guarantee its newest smart device was kept hidden from the public for as long as possible. But the secret is out. In fact, ABI Research predicts 485 million of this type of device will be sold per year. But one small company makes Apple's gadget possible. And its stock price has nearly unlimited room to run for early-in-the-know investors. To be one of them, and see Apple's newest smart gizmo, just click here!