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China: Telco IT giant receives go-ahead for local buyout

 |  December 8, 2013

Telecommunications IT firm AsiaInfo-Linkage announced Friday it received clearance from China’s Ministry of Commerce, also known as MOFCOM, to acquire Skipper Acquisition Corporation.

The Beijing-based firm is now planning a shareholders meeting later this month to vote on the deal, the financial details of which were not disclosed.

According to a press release, pending shareholder clearance, the merger will result in the privatization of AsiaInfo-Linkage.

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