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US firm buying over Singapore eDev's HotApps

Buyer to fork out US$700m via shares, bonds for messaging software unit

AN American company soon to be listed on an over-the-counter bulletin board plans to acquire Singapore eDevelopment's instant messaging software unit HotApps for US$700 million in shares and bonds, the local firm said on Thursday. The over-the-counter board, akin to a junior exchange, is often