Warburg-backed Chinese classifieds firm 58.com to go private in $8.7b deal

Warburg-backed Chinese classifieds firm 58.com to go private in $8.7b deal

REUTERS/Shannon Stapleton

Chinese online classifieds 58.com Inc said on Monday it would be taken private by a consortium of investors, backed by private equity firms Warburg Pincus and General Atlantic, in a deal that valued the company at about $8.7 billion.