Cheetah Mobile curates News Republic acquisition

Aug 3, 2016 • Thierry Heles

Intel Capital-backed News Republic has been acquired by Cheetah Mobile for $57m, after raising about $9m from backers also including Xange Private Equity and Creathor Venture.

France-based news app provider News Republic has been acquired by internet company Cheetah Mobile for $57m, providing an exit to shareholders including semiconductor producer Intel, PhoneRadar reported yesterday.

The deal also offers an exit to Xange Private Equity, which is backed by postal service La Poste, and venture capital firm Creathor Venture.

News Republic operates a mobile app that aggregates articles from more than 1,650 sources. Users can select topics they are interested in to create a personalised newsfeed, while…

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