Subscribe Today

Get our free articles delivered directly to your email!

Continue reading

According to Bloomberg, SINA Corporation (SINA) approached by an entity led by its chairman

  • July 10, 2020


StockSINA CorporationSymbolSINA
Date Announced07/07/2020Source Bloomberg
TypeUnsolicited BidAcquiring Company/Person New Wave Holdings Limited
Date of Confirmation: 09/28/2020Price at Confirmation: $42.56
Potential Profit: 4.98%Annualized Profit: 21.91%

Sina Corp. (SINA), a Chinese social media company, has received a take-private proposal for $41 a share from an entity led by its chairman.


August 07, 2020: SINA Corporation (SINA), a leading online media company serving China and the global Chinese communities, today announced that the independent special committee of the Company’s Board of Directors  has retained Morgan Stanley Asia Limited as its financial advisor, and Gibson, Dunn & Crutcher LLP as its U.S. legal counsel to assist the Special Committee in its evaluation and consideration of the previously announced preliminary non-binding proposal from New Wave MMXV Limited that the Board received on July 6, 2020

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.