Renren Announces Repurchase of SoftBank Shares

Provided By PR Newswire

Last update: May 24, 2023

PHOENIX, May 24, 2023 /PRNewswire/ -- Renren Inc. (NYSE: RENN) ("Renren" or the "Company"), which operates two U.S.-based SaaS businesses, Chime Technologies Inc.© and Trucker Path Inc.©, today announced the repurchase of 288 million ordinary shares of the Company held by SoftBank Group Capital Limited ("SoftBank").