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Taomee Holdings (TAOM) in Focus: Stock Moves 5.7% Higher

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).

Is TAOM going up? Or down? Predict to see what others think: Up or Down

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TAOMEE HOLDINGS (TAOM): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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