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Cheetah Mobile Acquires Aggregate Of Additional 35.17% Equity Interest Of Beijing Orionstar Technology; Paid An Aggregate Cash Consideration Of $37.6M To The Selling Shareholders

Author: Benzinga Newsdesk | December 04, 2023 10:01am

As a result, the Company will consolidate the financial results of Beijing OrionStar into its consolidated financial statements starting in December 2023. In connection with the Transaction, the Company paid an aggregate cash consideration of approximately $37.6 million to the selling shareholders of Beijing OrionStar. The Company previously held a 37.74% equity interest in Beijing OrionStar prior to the completion of the Transaction. 

Posted In: CMCM


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