The divestiture of nuomi should make things better..
I saw the word.divestiture used several times about Renn and nuomi.
To divest is opposite of invest.
But when you get 160 mm for a stake in your co.
That is not a.divestiture it's a partnership.
If Renn was divesting from nuomi they simple.stop investing in it.
The sale of a portion and holding a large stake.still.
Seems like the weirdest word choices by the media.
Renn divested nothing. They gained 160 mill. And kept a huge stake.
Divesting usually means pulling away from with out anyb thing in return
Renn got 160mm ... 10x revs from bidu on nuomi deal. And Kept 41% stake
What did they lose ? Nothing they only gained.
I never heard of a unit sale where the seller made.off in the best deal
As a divestiture. When the keep a huge stake and made a bundle on the sale .
Partnership is the word 99% of people call a deal like.this.
Divestiture Is the wrong verb