- Marbridge Consulting reports Renren (RENN +1.2%) plans to sell its 56.com video site to fellow Chinese online video provider Mango TV, with a formal announcement due in August or September.
- Note: While some of Marbridge's reports have panned out, others have been shot down.
- Renren has already unloaded its Nuomi daily deals site to Baidu, as it tries to narrow its focus amid nosediving gaming revenue and declining social network traffic.
From other sites
at CNBC.com (May 12, 2015)
at CNBC.com (Nov 21, 2014)
at CNBC.com (Nov 20, 2014)
at CNBC.com (Nov 19, 2014)
at CNBC.com (Nov 18, 2014)
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