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Money for old rope

16 June 2020 By Alec Macfarlane

A group including Warburg Pincus will take U.S.-listed 58.com private. A 20% premium is decent for a business that has fallen out of favour to sexier tech stocks. Private equity boasts a strong record in classifieds, and can offer 58.com a clean exit from an unwelcoming market.

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