Cloopen Announces Definitive Merger Agreement for Going-Private Transaction
Cloopen Group Holding Limited (OTC: RAASY) has entered into a definitive merger agreement to be acquired by a consortium led by its founder and CEO, Mr. Changxun Sun, in a transaction valued at approximately $162.89 million. The deal will result in Cloopen becoming a wholly-owned subsidiary of AutumnX Holdings Limited.
Topics: Corporate Restructuring M&A