NEW YORK, Dec 7- Chinese IT company Linkage Technologies International Holdings Ltd canceled its initial public offering on Monday after agreeing to be bought by rival AsiaInfo Holdings Inc.

The deal with AsiaInfo, announced on Sunday, is worth $732.7 million.

Linkage Tech in November filed with the U.S. Securities and Exchange Commission for an IPO worth up to $175 million. (Reporting by Clare Baldwin; editing by John Wallace)