Jan 20 (Reuters) - Phoenix New Media Ltd :
* PHOENIX NEW MEDIA ANNOUNCES FURTHER UPDATE ON PROPOSED SALE OF INVESTMENT IN YIDIAN
* PHOENIX NEW MEDIA - ENTERED AGREEMENT WITH LONG DE ENTITIES TO SETTLE DISPUTE REGARDING ENTITIES' CO-SALE RIGHTS UNDER SHAREHOLDERS AGREEMENT OF PARTICLE INC
* PHOENIX NEW MEDIA - LONG DE ENTITIES TO SELL ABOUT 9.8 MILLION PREFERRED SHARES OF PARTICLE TO PROPOSED BUYERS FOR ABOUT $20.7 MILLION IN CASH
* PHOENIX NEW MEDIA - EXPECTED TO SELL TOTAL OF 29.19% OF TOTAL OUTSTANDING SHARES OF PARTICLE TO PROPOSED BUYERS FOR ABOUT $427.3 MILLION IN CASH
* PHOENIX NEW MEDIA - COMPLETED DELIVERY OF PARTICLE SHARES TO PROPOSED BUYERS & GOT $200 MILLION FOR SUCH SHARES & FURTHER DEPOSIT OF US$50 MILLION
* PHOENIX NEW MEDIA LTD - THERE ARE STILL UNCERTAINTIES AS TO COMPLETION OF REMAINING PART OF PROPOSED TRANSACTION
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;)
* PHOENIX NEW MEDIA ANNOUNCES FURTHER UPDATE ON PROPOSED SALE OF INVESTMENT IN YIDIAN
* PHOENIX NEW MEDIA - ENTERED AGREEMENT WITH LONG DE ENTITIES TO SETTLE DISPUTE REGARDING ENTITIES' CO-SALE RIGHTS UNDER SHAREHOLDERS AGREEMENT OF PARTICLE INC
* PHOENIX NEW MEDIA - LONG DE ENTITIES TO SELL ABOUT 9.8 MILLION PREFERRED SHARES OF PARTICLE TO PROPOSED BUYERS FOR ABOUT $20.7 MILLION IN CASH
* PHOENIX NEW MEDIA - EXPECTED TO SELL TOTAL OF 29.19% OF TOTAL OUTSTANDING SHARES OF PARTICLE TO PROPOSED BUYERS FOR ABOUT $427.3 MILLION IN CASH
* PHOENIX NEW MEDIA - COMPLETED DELIVERY OF PARTICLE SHARES TO PROPOSED BUYERS & GOT $200 MILLION FOR SUCH SHARES & FURTHER DEPOSIT OF US$50 MILLION
* PHOENIX NEW MEDIA LTD - THERE ARE STILL UNCERTAINTIES AS TO COMPLETION OF REMAINING PART OF PROPOSED TRANSACTION
Source text for Eikon: Further company coverage:
((Reuters.Briefs@thomsonreuters.com;)