phoenix new media news

Active, Closed, Last funding round type (e.g. The Company will be required to deliver the 140,248,775 shares of Particle to the Proposed Buyers after certain closing conditions are satisfied. Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels.

Why Phoenix New Media Ltd. ADR Jumped on Tuesday, Why Shares of Phoenix New Media Ltd. Rocketed Higher Today, Copyright, Trademark and Patent Information. Completion of the transaction contemplated in the New SPA (the "Proposed Transaction") is subject to certain closing conditions, including but not limited to approval by the shareholders of the Company's parent company, Phoenix Media Investment (Holdings) Limited ("Phoenix HK") (including any related necessary approval by The Stock Exchange of Hong Kong Limited), as well as the Proposed Buyers' provision of written evidence satisfactory to the Company showing that they have fulfilled any Additional Purchase Obligation. Phoenix New Media was founded in 1996. Private Securities Litigation Reform Act of 1995. Minimum 15 minutes delayed. Before it's here, it's on the Bloomberg Terminal.

What our community thinks about Phoenix New Media, The single most important factor in a company's success is the team that's leading the company. Live Conference Call to be Held at 9:00 PM U.S. Eastern Time on August 17, 2020 BEIJING , Aug. 17, 2020 /PRNewswire/ -- Phoenix New Media Limited (NYSE: FENG) (" Phoenix New Media ", "ifeng" or the "Company"), a leading new media company in China , today announced its unaudited financial results. Copyright © 2020 Phoenix New Media Limited.

Phoenix New Media may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Primary metrics and data points about Phoenix New Media. About Phoenix New Media Ltd Phoenix New Media Ltd. is a new media company the provides premium content on an integrated platform across Internet, mobile and TV channels in China. Industry, sector and description for Phoenix New Media. FENG earnings call for the period ending June 30, 2019. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. There is no assurance that the Proposed Transactions will ever be closed. "We believe that selling partial ownership of Yidian to a strategic buyer will help maximize Yidian's growth potential as well as fuel our own growth in the long-run.". FOX 10 is your home for news, weather, traffic and politics in the Phoenix, Arizona metro area, plus live breaking news coverage. Phoenix New Media Limited (NYSE: FENG) is a leading new media company providing premium content on an integrated platform across Internet, mobile and TV channels in China. China. Phoenix New Media may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission ("SEC") on Forms 20-F and 6-K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. These forward−looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. See you at the top! from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Particle owns Yidian Zixun ("Yidian"), a rapidly-growing personalized news and lifestyle information application in China that allows users to efficiently define and explore individualized content over mobile devices. Phoenix New Media (“PNM”) is a global leading new media company with an integrated platform consisting of Internet media website (www.ifeng.com), mobile channel (3g.ifeng.com and APPs) and video channel (v.ifeng.com). Arizona’s source for breaking news, weather, traffic and in-depth investigations from ABC15 Arizona in Phoenix.

These statements are made under the "safe harbor" provisions of the U.S. Further information regarding these and other risks is included in the Company's filings with the SEC, including its registration statement on Form F-1, as amended, and its annual reports on Form 20-F. All information provided in this press release and in the attachments is as of the date of this press release, and Phoenix New Media does not undertake any obligation to update any forward−looking statement, except as required under applicable law. The rights and obligations of both the Proposed Buyers and the Company with respect to the second batch of shares under the Previous Agreement were terminated pursuant to the New SPA, and instead, the Company agreed to sell a total of 140,248,775 shares of Particle, representing all of the Particle shares the Company currently holds, to the Proposed Buyers at a total purchase price of US$150 million. FENG earnings call for the period ending March 31, 2020. A massive cash infusion from the sale of this investment could give Phoenix's business a boost. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet and through their mobile devices. Find the latest Phoenix New Media Limited (FENG) stock quote, history, news and other vital information to help you with your stock trading and investing. As previously announced by the Company, the Company has completed delivery of the first batch of 94,802,752 Particle shares to the Proposed Buyers and received consideration of US$200 million for such shares as well as a further deposit of US$50 million pursuant the Previous Agreement, and the Proposed Buyers was required to pay the remaining purchase price for the second batch of Particle shares to the Company on or before August 10, 2020 under the Previous Agreement. On November 9, 2009, it received a US$25 million funding from Morningside Ventures, Intel Capital, and Bertelsmann Asia Investment Fund. Having originated from a leading global Chinese language TV network based in Hong Kong, Phoenix TV, the Company enables consumers to access professional news and other quality information and share user-generated content on the Internet through their PCs and mobile devices. These statements are made under the "safe harbor" provisions of the U.S. Exploding mobile advertising revenue led to a strong quarter and better-than-expected guidance. Guided by our four corporate tenets:" roots in Chinese culture, global perspective, openness to the world, a progressive force "... Data Provided by Refinitiv. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. BEIJING, Aug. 10, 2020 /PRNewswire/ -- Phoenix New Media Limited ("Phoenix New Media," "ifeng" or the "Company") (NYSE: FENG), a leading new media company in China, today announced that it has entered into a new share purchase agreement (the "New SPA") with Run Liang Tai Management Limited ("Run Liang Tai"), which replaced the Company's previous agreement (the "Previous Agreement") with Run Liang Tai for the sale of the Company's investment in Particle Inc. ("Particle" or "Yidian") to Run Liang Tai and its designated entities (the "Proposed Buyers"). Phoenix New Media's platform includes its ifeng.com channel, consisting of its ifeng.com website and web-based game platform, its video channel, comprised of its dedicated video vertical and mobile video services, and its mobile channel, including its mobile Internet website, mobile applications and mobile value-added services. Phoenix New Media (PNM) is a Chinese new media company with an integrated platform consisting of internet portals (www.ifeng.com), a mobile channel (3g.ifeng.com), and a video channel (v.ifeng.com). As previously announced by the Company, the Company provided an interest-free loan of approximately US$9.7 million to the Proposed Buyers to enable them to pay for the first batch of shares that Long De Cheng Zhang (Tianjin) Investment Management Center and Long De Holdings (Hong Kong) Co., Limited (collectively, the "Long De Entities") sold to the Proposed Buyers pursuant to a co-sale agreement that the Company entered into with the Long De Entities and Run Liang Tai. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of online and mobile advertising, online video and mobile paid services markets in China; the Company's reliance on online and mobile advertising and MVAS for a majority of its total revenues; the Company's expectations regarding demand for and market acceptance of its services; the Company's expectations regarding maintaining and strengthening its relationships with advertisers, partners and customers; the Company's investment plans and strategies, fluctuations in the Company's quarterly operating results; the Company's plans to enhance its user experience, infrastructure and services offerings; the Company's reliance on mobile operators in China to provide most of its MVAS; changes by mobile operators in China to their policies for MVAS; competition in its industry in China; relevant government policies and regulations relating to the Company; and the effects of the COVID-19 on the economy in China in general and on the Company's business in particular. FENG earnings call for the period ending December 31, 2018. The Proposed Buyers have paid cash deposit of US$100 million to the Company, and the Company and the Proposed Buyers entered into the SPA on March 22, 2019, the deadline set forth in the LOI. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's goals and strategies; the Company's future business development, financial condition and results of operations; the expected growth of the online and mobile advertising, online video and mobile paid service markets in China; the Company's reliance on online advertising and MVAS for the majority of its total revenues; the Company's expectations regarding demand for and market acceptance of its services; the Company's expectations regarding the retention and strengthening of its relationships with advertisers, partners and customers; fluctuations in the Company's quarterly operating results; the Company's plans to enhance its user experience, infrastructure and service offerings; the Company's reliance on mobile operators in China to provide most of its MVAS; changes by mobile operators in China to their policies for MVAS; competition in its industry in China; and relevant government policies and regulations relating to the Company.

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