Chinese Internet giant Tencent Holdings Limited has proposed to take NASDAQ-listed online travel service provider eLong Inc. private by acquiring all outstanding shares of eLong not already own by Tencent, according to a company announcement. Tencent plans to acquire eLong's shares at US$18 per American Depository Share (ADS) in cash, which represents a premium of […]

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Visit the original source and full text: China Money Network