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AppLovin announced on Monday it is selling a major stake to Chinese private equity firm Orient Hontai Capital for a staggering $1.42 billion.

AppLovin Sells Majority Stake to China's Orient Hontai Capital for $1.42B

Sep 27, 2016 10:52 AM EDT

Mobile ad startup AppLovin announced on Monday it is selling a major stake to Chinese private equity firm Orient Hontai Capital for a staggering $1.42 billion, Fortune reported.

China Powers Asia-Pacific Outbound Deals Past $1 Trillion, Looks to Bigger Deals in 2016

Carlos Castillo |

Dec 23, 2015 03:14 AM EST

After pushing the value of the Asia-Pacific's outbound business acquisitions past the $1 trillion mark this year, China's corporate ventures are expected to make even more merger and acquisition (M&A) deals abroad in 2016 in an effort to sidestep a sluggish domestic economy.

UK Wireless Bidding War Begins, Three, BT Battle For O2 or EE

David Curry |

Nov 28, 2014 08:49 AM EST

BT Group, the largest provider of broadband services in the country, is interested in acquiring a wireless carrier to mesh out its services and bundles.