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Announced

Completed

New Wave Holdings completed the acquisition of the remaining stake in SINA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium18.1%
One Off Charge-

Tags

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digital media platform

Online and Social Platforms

Friendly

Privatisation

Majority

Acquisition

China

Single Bidder

Public

Merger

Cross Border

Mbo

Completed

Synopsis

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New Wave Holdings, an investment holding company, completed the acquisition of the remaining stake in SINA, an online media company serving China and the global Chinese communities. Each ordinary share of SINA issued and outstanding immediately prior to the effective time of the merger has been cancelled and ceased to exist in exchange for the right to receive $43.3 in cash per ordinary share.

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