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General

Weibo chairman denies privatization plans

Wednesday 7 July 2021 | 09:18 CET | News
Chinese messaging group Weibo chairman Charles Chao has denied reports the group is in talks to become a private company. Chao said he has had no discussions with anyone regarding privatizing the firm. A report by Reuters said the company's founder was planning to take Weibo private at a premium of at least 80 percent, or for over USD 20 billion, sources said.

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Categories: General
Companies: Alibaba / Weibo
Countries: China
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