A consortium of investors looking to take China-based jobs portal 51job Inc private has slashed its offer in a revised deal that values the company at about $3.86 billion.
The consortium, which includes DCP Capital Partners, Ocean Link Partners and 51job’s co-founder and chief Rick Yan, had made an offer in May last year to pay shareholders of the company $79.05 per share in an all-cash deal, which would have valued it at about $5.7 billion.
