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58.com Buys Rival Ganji.com

58.com, the largest classified site in China announced that it has acquired its rival Ganji.com for 412 million in cash and 34 million in newly issued shares for a 43 percent stake in Ganji.com. 58.com also received 400 million from returning investor Tencent. http://goo.gl/dFjWl5 #tech

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