|Bid||0.00 x 1100|
|Ask||0.00 x 800|
|Day's Range||43.15 - 43.32|
|52 Week Range||29.96 - 45.68|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun 01, 2021 - Jun 08, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||38.77|
SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, today announced the completion of the merger (the "Merger") with New Wave Mergersub Limited ("Merger Sub"), 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 (the "Merger Agreement"). Parent is a wholly owned subsidiary of New Wave MMXV Limited ("New Wave"), a business company incorporated in the British Virgin Islands and controlled by Mr. Charles Chao, Chairman and Chief Executive Officer of the Company (the "Chairman"). As a result of the Merger, the Company became a wholly owned subsidiary of Parent and will cease to be a publicly traded company.
Alibaba (NYSE: BABA) could be forced to divest its media assets as part of the Chinese government's sweeping antitrust actions against the company, according to The Wall Street Journal. Alibaba reportedly won't be forced to divest its direct subsidiaries, which include its streaming video platform Youku Tudou, its film production unit Alibaba Pictures, its video game publisher Lingxi Games, and its software division UCWeb.
SINA Corporation (the "Company" or "SINA") (Nasdaq: SINA), a leading online media company serving China and the global Chinese communities, will deliver authorization notice as required by the Companies Act of the Cayman Islands (the "Companies Act") to all the shareholders who had validly objected to the previously announced "going private" merger prior to the vote being taken at theextraordinary general meeting of shareholders held on December 23, 2020. The merger, terms and conditions of which are set forth in the agreement and plan of merger, dated as of September 28, 2020 (the "Merger Agreement"), by and between New Wave Holdings Limited ("Parent"), New Wave Mergersub Limited and the Company, was duly approved in that extraordinary general meeting.