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: 激情xxxx | 丰满岳乱妇一区二区 | 成人午夜激情 | 日韩在线观看视频网站 | 91性| 小罗莉极品一线天在线 | 久草五月天| 伊人影院亚洲 | 免费看黄色网址 | 婷婷天堂网 | 第一av网| 久久久www成人免费毛片 | 深夜福利在线视频 | 福利午夜视频 | 日韩爱爱视频 | 日韩久久视频 | 超碰在线网址 | 精品国产乱子伦 | 自拍亚洲色图 | 爱啪啪av| 啪啪小视频网站 | 欲妇荡岳丰满少妇岳91白洁 | 中文字幕在线播出 | 国产精品尤物 | 亚洲欧美第一页 | 国产精品1234| 色午夜av| 午夜资源网 | 久久久福利视频 | 免费观看的av网站 | 亚洲二区av | 国产野战 | 欧美三级久久 | 一本色道久久综合亚洲精品按摩 | 国产精品毛片一区二区三区 | 一级 黄 色 片69 | 国产亚洲精品精品精品 | 日本久久精品 | 国产精品传媒在线观看 | 五月婷婷在线观看视频 | 欧美精品黄色 |