Weibo 1.5 billion to acquire all the shares of Sina? The official response said that there was no change in the management relationship.

According to the news on December 25, in response to the news that Weibo bought all the shares of Sina for 1.5 billion, Weibo said that the deal did not involve the transfer of major business between Weibo and Sina. Nor does it involve any change in the management relationship between the two.

The response said that the sale and purchase agreement disclosed in this announcement is mainly Weibo's acquisition of a subsidiary of Sina, which in addition to day-to-day operations also holds a number of assets, including Sina Tower. Sina Group holds many subsidiaries and corresponding businesses, and this transaction does not involve the transfer of major business between Weibo and Sina, nor does it involve any change in management relationship between the two.

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