POTENTIAL DEAL DETAILS
|Type||Unsolicited Bid||Acquiring Company/Person||New Wave Holdings Limited|
|Date of Confirmation:||N/A||Price at Confirmation:||$42.56|
|Potential Profit:||4.98%||Annualized Profit:||67.32%|
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
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