Tencent To Buy 15% Of Equity Interests In Leju From E-House For $180 Mln

(RTTNews) - E-House (China) Holdings Limited (EJ), a real estate services company in China, Leju Holdings Limited , a wholly-owned subsidiary of E-House and a provider of real estate online services, and Tencent Holdings Limited, a provider of comprehensive Internet services in China, announced that Tencent will acquire from E-House 15% of the equity interests on a fully diluted basis in Leju for $180 million.

The transaction is expected to close by the end of this month.

Tencent will also subscribe additional shares in Leju's proposed initial public offering to maintain its 15% equity interest on a fully diluted basis.