Beijing-based AsiaInfo’s shares jumped as much as 26 percent before closing 19 percent higher at $11.78 in New York, the highest level since Aug. 11. Have a confidential tip for our reporters?

AsiaInfo Technologies expects to achieve a performance rebound in 2H 2024, full year profit exceeding last year EQS Group Aug. 14, 2024, 09:00 PM EQS Newswire / 15/08/2024 / 03:00 CET/CEST ...

Based on AsiaInfo's closing price on Friday of $25.10, the stock portion of the deal is valued at $672.7 million. Linkage is the Nanjing, China, provider of software and information-technology ...

But AsiaInfo Security has consistently come under pressure since its IPO. In 2023, the company’s revenue fell 6.6% year-on-year to 1.61 billion yuan, and it recorded a loss of 290 million yuan ...

So what: According to a Reuters report, several global private equity firms, including well-known names like KKR & Co. and TPG Capital, are considering potential bids for AsiaInfo-Linkage.