世纪佳缘与百合网宣布合并
China's two leading match-making websites jiayuan.com and baihe.com have announced a merger.
中国两大婚恋网站世纪佳缘与百合网宣布合并。
Baihe's subsidiary, LoveWorld, will buy Jiayuan for just over 250-million US dollars.
The deal is expected to close in the first quarter of next year.
Jiayuan.com says after the acquisition, it plans to delist from the Nasdaq.
Jiayuan was approached for a buyout back in march because of its poor share performance on the Nasdaq.
Baihe is currently listed on China's New Third Board after pulling out of the US markets last year.