日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

US EUROPE AFRICA ASIA 中文
Business / Technology

Chinese chat app Momo gets buyout offer from CEO

(Agencies) Updated: 2015-06-24 09:11

Chinese chat app Momo gets buyout offer from CEO

Tang Yan (center, front), founder and chief executive officer of China's mobile social networking platform Momo Inc attends the ceremony of ringing the opening bell at the NASDAQ in New York, the United States, Dec 11, 2014. [Photo/Xinhua]

Momo Inc's chief executive and a group of investment firms offered to buy all shares of the Chinese mobile chat app company they do not already own for $1.9 billion, six months after the company listed in the United States.

Momo, which helps users find friends based on locations and exchange messages, pictures and videos, is the latest in a string of Chinese tech companies that have received proposals to drop their US listings and take them private.

Security software company Qihoo 360 Technology Co Ltd received a $10.06 billion buyout offer from its CEO last week.

Many Chinese tech executives are betting on higher share valuations in China, where stock markets have recently rallied.

Momo's CEO, Tang Yan, and the buyout consortium already own about 47 percent of the company, with an aggregate voting power of about 84 percent. The offer values the company at $3.6 billion.

"There is no comparable company in the United States, so US investors may not fully understand the company's business model," Summit Research analyst Henry Guo said.

"They (Momo) believe if they go back to China and trade on the Shanghai stock market, their users and investors will know what they are doing, and they can get a better valuation."

Chinese Premier Li Keqiang earlier this month encouraged such companies to return, particularly those with "special ownership structures," referring to the contractual loopholes used by many Chinese firms to evade restrictions on foreign ownership.

The offer of $18.90 per American depositary share represents a premium of 20.50 percent to Momo's Monday closing price.

Shares of Momo, which is backed by Alibaba Group Holding Ltd, were trading at $17.42 by midday on Tuesday.

Momo went public last December at a time when Tang was facing allegations of stealing information from former employer NetEase Inc, where he worked from 2003 to 2011.

Since the listing, the stock had jumped more than 16 percent through Monday.

Momo, which had 78.1 million monthly active users in March, generates revenue mainly from membership fees and through advertisements, mobile games and emoticons.

The deal value is based on 377.8 million outstanding shares as of March 31, according to Thomson Reuters data. Each ADS has two ordinary shares.

The investment firms involved in the deal are Matrix Partners China II Hong Kong Ltd, Sequoia Capital China Investment Management LP and Huatai Ruilian Fund Management Co Ltd.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 日本久久中文 | 波多野结衣一区二区三区 | 欧美一级久久久 | 99国产精品99久久久久久粉嫩 | 日韩三级一区二区三区 | 不卡视频在线观看 | 黄色在线观看国产 | 九九九国产 | 欧美在线一级 | 国产一二三区在线 | 天天综合网天天综合 | 欧美精品一区二区免费 | 亚洲精品久久久久久久久久久久久 | 免费成年人视频 | 美女午夜影院 | 精品一区二区三区在线观看视频 | 欧美日本日韩 | 欧美久久久久久久久久久久 | 在线观看黄视频 | 香蕉视频成人在线 | 免费三级黄色 | 性一交一乱一精一晶 | 婷婷色在线 | 成年人小视频 | 四虎一级片 | 色黄网站 | 91久久久久久久 | 国产毛片毛片毛片 | 爱av在线 | 在线天堂中文 | av在线免费观看不卡 | 九九av| 六月丁香激情综合 | 爱的天堂| 神马久久香蕉 | aaa欧美| 久久国产区 | 色综合激情 | 在线观看国产欧美 | av在线超碰 | 久久伊人国产 |