Chinese ADSs Ramp Amid 'Going Private' Frenzy

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iDreamSky (DSKY) Announces $14/ADS 'Going Private' Proposal

June 15, 2015 7:04 AM EDT

(Updated - June 15, 2015 7:07 AM EDT)

iDreamSky (NASDAQ: DSKY) announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter, dated June 13, 2015, from Mr. Michael Xiangyu Chen, chairman of the Board and chief executive officer of the Company, to acquire all of the outstanding Class A and Class B ordinary shares of the Company not... More