- Less than two months after Sungy Mobile (NASDAQ:GOMO) chairman/CEO Yuqiang Deng and co-COO Zhi Zhu found VC backing for their $4.90/share going-private offer, Sungy Mobile (GOMO) has accepted the deal.
- The acquisition price represents a 6.5% premium to Sungy's Monday close. $98M in deal financing has been arranged. The deal is expected to close in 2H15.