Sina Gets ‘Going Private’ Proposal

Sina Gets ‘Going Private’ Proposal

Assessment

Interactive Video

Business

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

Sina has received a management buyout offer from its chairman and CEO to take the company private at $41.00 per share, valuing it at $2.7 billion, a 12% premium over its recent closing price. The company, along with its chairman, holds 58% voting rights, making the deal likely to proceed, pending shareholder approval. This move is part of a broader trend of Chinese companies delisting from US markets.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the proposed price per share for Sina's management buyout?

$35.00

$50.00

$45.00

$41.00

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the total valuation of Sina at the proposed buyout price?

$3.0 billion

$2.7 billion

$4.0 billion

$1.5 billion

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What percentage of voting rights does the company and Charles hold?

45%

50%

60%

58%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the premium percentage over the Thursday closing price?

10%

12%

15%

20%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the condition for the buyout deal to be finalized?

Approval from the CEO

Approval from the government

Approval from the board of directors

Approval from shareholders

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