Momo Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
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Momo, Inc. (MOMO) Receives $18.90/ADS 'Going Private' Proposal
June 23, 2015 8:32 AM EDTMomo, Inc. (NASDAQ: MOMO) announced that its board of directors (the "Board") has received a non-binding proposal letter, dated June 23, 2015, from Mr. Yan Tang ("Mr. Tang"), co-founder, chairman and chief executive officer of Momo, Matrix Partners China II Hong Kong Limited ("Matrix"), Sequoia Capital China Investment Management L.P. ("Sequoia") and Huatai Ruilian Fund Management Co., Ltd. ("Huatai Ruilian", and together with Mr. Tang, Matrix and Sequoia, the "Buyer Group"), proposing a "going-private" transaction (the "Transaction") to acquire all... More
