Elliott Loses Fight Over $8.7 Billion Buyout of China’s 58.com

Elliott Investment Management, T. Rowe Price Group Inc. and other money managers failed to persuade a Cayman Islands judge to award more than the deal price in the $8.7 billion...

By Sabrina Willmer · Bloomberg Markets

Elliott Investment Management, T. Rowe Price Group Inc. and other money managers failed to persuade a Cayman Islands judge to award more than the deal price in the $8.7 billion take-private of China’s largest online classified-ad marketplace six years ago.