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 the management buyout offer?

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What is the total valuation of the company based on the buyout offer?

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What percentage premium does the buyout offer represent compared to the company's Thursday close?

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

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What recent trend has been observed among Chinese companies listed in the US?

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