What's going on?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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kirchwee
2021-07-06

What's going on?

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

Weibo(NASDAQ:WB)is paring some of its gains, nowup 12%, after Bloomberg reported that a report that

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

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Chao's holding company New Wave is the largest holder of Weibo, which had a 45% stake as of February.</li>\n <li>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.</li>\n <li>A take private of Weibo would let the company's second largest holder Alibaba(NYSE:BABA)and top customer exit its investment.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/25fff555999f609809fd671c1b157092\" tg-width=\"1283\" tg-height=\"594\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WB":"微博"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112451709","content_text":"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.\"\nEarlier, 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.\nThe Weibo chairman and state investor are expected to offer $90-$100/share for the company, according to aReuters report, which cited sources familiar. 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