YY Inc. price target raised to $110 from $93 at Pacific Crest Pacific Crest raised its price target on YY after the company reported stronger than expected Q2 results. The firm thinks the company can report stronger than expected results going forward and keeps an Outperform rating on the shares.
YY Inc. to acquire edu24ol.com 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, edu24ol.com, 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.