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Renren Plans Private Placement of Subsidiary; Stock Continues to Slide

Retrieved on: 2018-05-01 03:07:30

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<div>Renren's largest shareholder, SB Pan Pacific Corp., a subsidiary of <b>SoftBank</b> <b>Group</b> Corp., the Japanese holding company that has a stake in companies including Uber Technologies Inc., Sprint Corp. (NYSE: S), and Alibaba Group Holding Ltd. (NYSE: BABA), has already approved the transaction.</div>

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