Sina Corporation - Ordinary Shares (SINA) Social Stream
Warning: This security is no longer trading. In March 2021, SINA Corporation (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, today announced the completion of the merger with New Wave Mergersub Limited, a wholly owned subsidiary of Sina Group Holding Company Limited ("Parent," formerly known as New Wave Holdings Limited), pursuant to the previously announced agreement and plan of merger, dated as of September 28, 2020, by and between the Company, Parent and Merger Sub.
Featured Post From StockTwits About SINA
$TEDU going private! but please know that the risk is always there! even inside buyers have Majority voting power, like this one, inside owns 68.5%. For US based publicly traded companies, large shareholders generally owe a fiduciary duty to minority shareholders. So, majority for votes from the minority share holders is also a key for the deal to close.Leo168, published February 24, 2021
$SINA deal might be dead already as against votes (35%) from minority share holders, even inside buyers have 58%. Also
$CXDC was sued for breach of fiduciary duties, the deal was delayed multiple times and still pending.
Wellington Management Company owned 5.09% TEDU, it might be the key for this deal to be success. In other words, the final deal must get agreement from Wellington, or no deal.
What Else are SINA Traders Talking About?
Other tickers frequently mentioned alongside SINA is TEDU.