Chief executive Michael Xiangyu Chen hopes to buy out external shareholders including Legend and Tencent.
China-based online game publisher IDreamSky Technology may go private as chief executive and chairman Michael Xiangyu Chen plans to acquire all shares, China Money Network reported yesterday.
The company raised $115m in its initial public offering in August 2014. At the time, internet company Tencent bought $60m shares to retain its position as largest shareholder, retaining a 23.1% stake.
Conglomerate Legend Holdings had its stake diluted to 15.9%, while other external investors Redpoint Ventures held 12.9% and DT01 Holding held…
