Tue, Sep 30, 2014, 10:58 AM EDT - U.S. Markets close in 5 hrs 2 mins


% | $
Quotes you view appear here for quick access.

Ku6 Media Co., Ltd. Message Board

  • sparebox111 sparebox111 Jun 22, 2012 1:16 AM Flag

    KUTV buyback 2.74Million Shares at $2.91/share 5.46% total outstanding

    酷6网回购李善友所持所有股份 涉及797万美元
    http://www.sina.com.cn 2012年06月22日 12:44 新浪科技微博
      新浪科技讯 6月22日下午消息,酷6传媒(KUTV)今日宣布,以每股2.91美元的价格回购李善友(微博)及其创业团队所持酷6传媒所有股份。据悉,李善友及创业团队目前持有酷6传媒总计274万股,约占酷6网(微博)传媒5.46%,此次交易将涉及资金总计797万美元。

      根据计划,酷6传媒将向前高管李善友、郝志中和曾兴晔,以及李善友控制的公司Kumella Holdings回购总共269,409,276股普通股。向前高管回购股份的价格为每股0.00005美元,向Kumella Holdings回购股份的价格为每股0.0291美元。酷6传媒还将向李善友回购79717股美国存托股份,每股美国存托股份价格为2.91美元。酷6传媒每股美国存托股份代表100股普通股。






      据悉,酷6网成立于2006年4月,由李善友创办,是国内较早的基于Web 2.0的视频分享网站,网站专注于用户产生内容(UGC)。2009年11月,酷6网被盛大集团全资收购,2010年6月,酷6网通过借壳上市的方法登陆纳斯达克(微博)。(爱文

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Doesn't it simply mean that the repurchased shares will be eliminated. So the total number of shares is reduced and the remaining shares hopefully are more valuable.

    • Who were selling stocks when the price was so low? Were they selling the stock all the way from $8 to $1.25? If KUTV buys shares from the market, it can easily push the price up to $3 using $1M cash if those people do not sell. Wiping them out might be a good idea to start the first step to restore the price to a reasonable value. My question is "is it legal to buy stocks at a price much higher than current market value?".

    • Looks as if it was a typically Chinese deal: good for them but not for us freefloat shareholders. Otherwise shareprice should have risen sharply.

    • Thanks for the update. Better days ahead. KUTV executives very positive about KUTV's future. Unique viewers up 30% since February.

    • Thanks for the info.

      This sounds dazzling. Why do they buy 2.74 miilion shares at 2.91 $ ? This is 2 and 1/2 times more than if they bought the shares at the open market.

      Could it be that after that buy they now have a majority of shares and will make a comparatively low buyout offer ?

      Was the small peak yeasterday due to that info or do you expect the shareprice to explode today ?

      It's a shame I can't understand Chinese may be there is some explanation in the release.

1.340.00(0.00%)10:04 AMEDT

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.