Telstra sells stake in China’s Autohome

19 Apr 2016
On April 18, the board of management of China's Autohome (ATHM) acknowledged receiving an offer from a consortium including its own chief executive to buy the company.However, less than a day before the consortium announced the takeover bid, Australia's Telstra Corporation announced on April 15 that it was selling its 47.7 percent stake in the car website.

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Don Gasper