Sina Gets ‘Going Private’ Proposal

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.

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

• $35.00

• $50.00

• $45.00

• $41.00

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

• $3.0 billion

• $2.7 billion

• $4.0 billion

• $1.5 billion

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

• 45%

• 50%

• 60%

• 58%

What is the premium percentage over the Thursday closing price?

• 10%

• 12%

• 15%

• 20%

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