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The responsible person of Weibo stated that the privatization of the Weibo was “untrue”. Weibo's pre-market gains fell back.

Tiger Newspress2021-07-06

  • Weibo(NASDAQ:WB)is paring some of its gains, nowup 12%, after Bloomberg reported that a report that Weibo is going private is "not true."
  • Earlier, Weibo gained more than 40% on a Reuters report that the company's chairman Charles Chao and a Chinese state investor are in talks to take the Twitter-like company private in a deal for at least $20B.
  • The Weibo chairman and state investor are expected to offer $90-$100/share for the company, according to aReuters report, which cited sources familiar. Chao's holding company New Wave is the largest holder of Weibo, which had a 45% stake as of February.
  • New Wave is joining up with an unidentified Shanghai-based state firm for a consortium for a take private deal for Weibo, according to the report.
  • A take private of Weibo would let the company's second largest holder Alibaba(NYSE:BABA)and top customer exit its investment.

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Comment28

  • bernicee
    ·2021-07-07
    please like ? 
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  • Marcngky
    ·2021-07-06
    Ahahh
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    • Marcngky
      Su
      2021-07-06
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  • JasC
    ·2021-07-06
    Like and comment pls
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  • bhahab
    ·2021-07-06
    Ok
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  • 3nn
    ·2021-07-06
    So many people got fooled! Time to short it ?
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    • bhahab
      ok
      2021-07-06
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  • IreneCQ
    ·2021-07-06
    Lol. 
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  • milliongal
    ·2021-07-06
    Ok
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  • WjsdSGTi
    ·2021-07-06
    ?
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    • WjsdSGTi
      Yes
      2021-07-06
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  • Damien111
    ·2021-07-06
    Like n comment 
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  • Sam51
    ·2021-07-06
    Pls like and comment tq 
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  • AngelFang
    ·2021-07-06
    Good night
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  • suetyee
    ·2021-07-06
    Oppps....
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  • wangwang93
    ·2021-07-06
    Please like and comment
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  • Weineng
    ·2021-07-06
    Like and comment thx
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  • kaiserben
    ·2021-07-06
    like pls
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    • Weineng
      ok
      2021-07-06
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  • kirchwee
    ·2021-07-06
    What's going on?
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  • stonks
    ·2021-07-06
    LOL nice juke
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  • Man15
    ·2021-07-06
    Tell me your opinion about this news...
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  • Nicholeswong
    ·2021-07-06
    Like
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    • Man15
      ?
      2021-07-06
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  • brianyen
    ·2021-07-06
    Comment and like pls
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    • SRT
      Quick way
      2021-07-06
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