Financial News

Weibo-owned Sina gets buyout bid at 12% premium from CEO-led company

BEIJING: Sina Corp, the owner of media social platform Weibo, said on Monday (Jul 6) it had received a go-private offer of US$41 per share in cash from a holding company led by its Chief Executive Officer Charles Chao. The transaction stands at a value of about US$2.7 billion, according to Reuters …

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