Two more Chinese tech companies get buyout offers from CEOs

Chinese video streaming website operator YY Inc and online retailer E-Commerce China DangDang Inc, on Thursday, became the latest in a string of Chinese companies to get offers to be taken private. Chairman Jun Lei and Chief Executive David Li offered to take YY private in a deal valuing it at about $3.69 billion, while E-Commerce China CEO Guoqing Li and Chairwoman Peggy Yu Yu offered $7.812 per ADS for the online book and media retailer.

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Israeli jailed for Madonna album hack

A former contestant in Israel’s version of “American Idol” was jailed for 14 months on Thursday for selling demo tracks he stole from Madonna’s latest album by hacking into the email and cloud accounts of people close to the singer. Under a plea bargain at Tel Aviv Magistrate’s Court, Adi Lederman confessed to computer trespassing and infringement of privacy and property rights in connection with the offences, committed last year

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CEO, chairwoman offer to take E-Commerce China private

(Reuters) – Chinese online book and media retailer E-Commerce China Dangdang Inc’s chief executive, Guoqing Li, and Chairwoman Peggy Yu Yu offered to take the company private. The all-cash offer of $7.812 per American Depositary Share represents a 20 percent premium to the stock’s Wednesday closing price of $6.51, the company said on Thursday

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