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?

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

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

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

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