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Stock impact report

Xunlei (XNET) Completes Deal to Acquire Hupu [Yahoo! Finance]

Xunlei Limited - American Depositary Shares (XNET) 
US:NASDAQ Investor Relations: ir.xunlei.com
Company Research Source: Yahoo! Finance
it has completed the acquisition of Shanghai Kuanghui Network Technology Co., Ltd., the company that operates Hupu, a leading sports media and data platform in China. According to the agreement, Xunlei Limited (NASDAQ:XNET) paid RMB 400 million in cash prior to the closing of the transaction. The company will pay another RMB 100 million in cash in two equal installments. This will include one installment after 12 months and the other after 24 months from the closing of the transaction. An artfully detailed shot of a computer monitor displaying a streaming video from Xunlei Media Player, demonstrating the company's online media capabilities. Xunlei Limited (NASDAQ:XNET) expects to create strong benefits from its acquisition of Hupu. This strategic move will allow the company to combine its large user base and technological expertise with Hupu ‘s high-quality sports content and active community. This is expected to help promote content downloads, community engagement, and sports c Show less Read more
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