Taomee Holdings Ltd. TAOM was a big mover last session with its shares rising roughly 6% on the day. The upside was owing to the company’s announcement that it has entered into a definitive agreement and plan of merger with Orient TM Parent Limited and Orient TM Merger Limited, a wholly-owned subsidiary of Parent. Following the deal, Parent will acquire Taomee Holdings at a transaction value of approximately $134.0 million. This development led to far more shares changing hands on Friday than in a normal session. The move continues the recent uptrend of the company as the stock has gained over 16% in the past one-month time frame.
This leading children's entertainment and media company in China has seen no estimate revision in the last 7 days. The Zacks Consensus Estimate has also remained unchanged. Friday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.
Taomee Holdings currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Investors interested in the Internet content space may however consider Brightcove Inc. BCOV, which sports a Zacks Rank #1 (Strong Buy).
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