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March 6, 2014
07:41 EDTYY, EDUNew Oriental Education won't be significantly hurt by YY move, says Wells Fargo
After New Oriental Education's (EDU) stock fell 11.4% since YY (YY) announced on February 25 that it would invest $150M in an online education initiative, Wells Fargo doesn't think YY poses a significant threat to New Oriental Education. The firm believes the sell-off in New Oriental Education is overdone and keeps an Outperform rating on the stock.
News For EDU;YY From The Last 14 Days
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December 11, 2014
16:06 EDTYYYY Inc. to acquire for RMB 120M
YY Inc. announced that it has reached a definitive agreement to fully acquire Beijing Huanqiu Xingxue Technology Development and Beijing Huanqiu Chuangzhi Software from Shanghai Global Career Education Science & Technology for a total cash consideration of approximately RMB 120M. Xingxue and Chuangzhi operate the online education website,, which has approximately 700,000 registered users and is one of China's leading online vocational training and language training platforms, YY said. As part of the agreement, Huanqiu will retain the online English training business. The transaction is subject to customary closing conditions.
December 4, 2014
07:23 EDTYYYY Inc. rumored to weigh online education site acquisition, Marbridge Daily says
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