Sina Corp (SINA) Tops Q2 EPS by 11c, Revenues Beat
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September 28, 2020 6:02 AM EDT
SINA Corporation (NASDAQ: SINA) has entered into an Agreement and Plan of Merger with New Wave Holdings Limited and New Wave Mergersub Limited, a wholly owned subsidiary of Parent, pursuant to which Parent will acquire all of the Company's outstanding ordinary shares not currently owned by Parent and its affiliates in an all-cash transaction implying an equity value of the Company of approximately US$2.59 billion for all the Ordinary Shares. Parent is a wholly owned subsidiary of New Wave MMXV Limited, a British Virgin Islands company controlled by Mr. Charles Chao, Chairman and Chief... More
September 28, 2020 5:52 AM EDT
(Reuters) - Sina Corp (NASDAQ: SINA), owner of social media platform Weibo (NASDAQ: WB), will be taken private in a $2.6 billion deal with Chief Executive Officer Charles Chao, the Chinese internet company said on Monday.
The offer price of $43.3 per... More
