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August 12, 2014
07:07 EDTCMCMCheetah Mobile to acquire addition 22.2% interest in Moxiu Technology
Cheetah Mobile announced that it has entered into a Share Purchase Agreement with Beijing Starsinhand Technology Company, a subsidiary of Tencent Holdings, to acquire an additional approximately 22.2% equity interest in Moxiu Technology for a total consideration of RMB30M in cash. Upon completion of the transaction under the Share Purchase Agreement, Cheetah will become the majority shareholder of Moxiu Technology, holding approximately 50.5% equity interest.
News For CMCM From The Last 14 Days
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May 20, 2015
08:43 EDTCMCMNomura to hold a conference
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08:29 EDTCMCMCheetah Mobile price target raised to $42 from $30 at Oppenheimer
Oppenheimer raised its price target on Cheetah after the company reported stronger than expected Q1 results, and it announced its strategic goal to be among the top three global mobile ad platforms. The firm notes that the company's mobile revenue soared sixfold year-over-year in Q1, and the firm thinks the company's Q2 revenue growth guidance of 106%-109% looks conservative. Oppenheimer keeps an Outperform rating on the shares.
May 19, 2015
16:23 EDTCMCMOn The Fly: Top stock stories for Tuesday
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09:22 EDTCMCMOn The Fly: Pre-market Movers
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06:13 EDTCMCMCheetah Mobile sees Q2 revenue $126.6M-$128.2M, consensus $126.97M
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06:12 EDTCMCMCheetah Mobile reports Q1 EPS 9c, consensus 7c
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