Source: TECH.EU

REX Global Entertainment: Hong Kong company buys 65% stake in Russian smartphone maker Yota Devices for $100 million

It's exit day in Russia today. After Naspers buying a majority stake in Avito in a $1.2 billion deal, Hong Kong-based investment company REX Global Entertainment this morning announced that it has acquired a 64.9 percent share in Russian smartphone manufacturer Yota Devices for $100 million. The maker of the two-screened YotaPhone was thus valued [...]The post Hong Kong company buys 65% stake in Russian smartphone maker Yota Devices for $100 million appeared first on Tech.eu.

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Carlo Oppo's photo - Co-Founder & CEO of REX Global Entertainment

Co-Founder & CEO

Carlo Oppo

CEO Approval Rating

70/100

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