New Wave to acquire remaining shares of Sina for USD 41 per share

Tuesday 7 July 2020 | 08:19 CET | News
Chinese internet portal Sina's board of directors has received a preliminary non-binding proposal letter from New Wave. New Wave seeks to acquire all the outstanding ordinary shares of Sina that it does not already own for USD 41 per share in cash in a going private transaction. The Sina board has established a special committee consisting of independent directors Songyi Zhang, Yichen Zhang and Yan Wang to evaluate and consider the proposal.

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Categories: Internet
Companies: Sina
Countries: China
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