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TENCENT (00700.HK) Reportedly Dumps 3M+ Reddit (RDDT.US) Shrs for ~US$400M Cash
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American discussion forum Reddit (RDDT.US) tumbled 7.3% to US$146.5 in the after-hours trading session. According to foreign media reports, TENCENT (00700.HK) disclosed the sale of over 3 million Reddit shares, cashing out around US$400 million. Of which, 654,979 Reddit shares were sold at US$133.76 per share on Tuesday (19th), 882,583 shares were sold at US$129.38 between the 14th and 18th of this month, and nearly 1.5 million shares were sold earlier this month at an average price of US$132.19. AAStocks Financial News |
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