- Sungy Mobile (NASDAQ:GOMO -0.6%) chiarman/CEO Yuqiang Deng and co-COO Zhi Zhu have entered into a consortium agreement with various funds jointly owned by VC firms IDG Capital and Accel Partners to pursue their $4.90/share going-private offer (disclosed on April 13).
- Sungy currently trades 3% below the offer price. Deng/Zhu own 42% of the Chinese mobile app developer's shares, and control 67.8% of its voting rights.