19 Jan 2015
As it turns out, the Cox Automotive stake in BitAuto will be considerably
diluted by the planned $1.55 billion (U.S.) investment in BitAuto (NYSE: BITA) from Chinese e-commerce site JD.com and Naspers-backed Tencent. (See CIR 16.01.) But Cox is perfectly happy about that.
“The transaction was announced but it has not closed yet