Citic Capital Partners is leading a consortium that includes its private equity unit to buy AsiaInfo-Linkage Inc. (Nasdaq: ASIA), a Chinese information technology company, for $890 million.

The purchase price works out to $12 per share in cash. The company's stock was trading at $11.62 on May 13. AsiaInfo’s said that Citic first approached it in January 2011, and the companies announced a definitive agreement on May 13.

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