Announced
Completed
Financials
Tags
digital media platform
Online and Social Platforms
Friendly
Privatisation
Majority
Acquisition
China
Single Bidder
Public
Merger
Cross Border
Mbo
Completed
Synopsis
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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