Wangsu may acquire stake in CDN-Video

Source:Global Times Published: 2017/2/20 22:13:40

Shanghai Wangsu Science & Technology Co may reportedly acquire a 70 percent stake in Russian content delivery network (CDN) services provide CDN-Video.

Shanghai Wangsu is said to offer about $7.42 million for the Russian company and may be willing to add $84,400 if the target's revenue could double in 2017, media reports said last week.

Shenzhen-listed Shanghai Wangsu is principally engaged in the provision of telecommunication value-added services, offering CDN services and Internet data center services.

CDN-Video is a global provider of full CDN services with 400 servers around the world in locations such as Russia, Ukraine, Kazakhstan, Georgia, Moldova, Germany, the Netherlands, the US, Malaysia and Singapore.

Global Times

Posted in: COMPANIES

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