tera power leveling Sina management layer is disclosed - JII

Report from our correspondent yesterday, Sina revealed a significant equity transactions: with its CEO Cao Guowei led the Sina management, will be the price of approximately $180000000, purchased about 5600000 ordinary shares of sina, becoming the largest shareholder of sina, this also led to the domestic Internet community's first MBO (MBO).At the same time tera power leveling, Sina and focus media this pile is placed the great expectations of the media industry in the merger after nearly 10 months after the cease abruptly turns.Sina and focus jointly announced the termination of the merger.Yesterday afternoon, Sina management layer is disclosed, by Sina Investment Holdings Limited in mbo.Sina Sina investment holdings to about 5600000 additional shares of common stock diablo 3 power leveling, purchase all the price is about $180000000.After the issuance of sina, the total equity from the current about 53940000 shares, extending to about 59540000 shares of sina, Sina Investment Holdings occupy the total share capital after the capital increase Kuogu around 9.4%, becoming the largest shareholder of sina.It is understood, sina CEO Cao Guowei and Sina Sina management will have investment holding company's actual control rights.This acquisition has been Sina board approval, at the same time without going through the other examination and approval procedures, Sina Sina investment holding company will have 6 months the lock period, and additional financing of $180000000, will be used for Sina company future possible takeovers, and normal operation of the company.Sina CEO and President Cao Guowei said, the management has become the company's largest shareholder of sina, is conducive to the improvement of corporate governance structure.In addition, Sina and focus media announced at the same time, will not be renewed announced in December last year, Sina and focus media deal closing date.Prior to this diablo 3 power leveling, according to Sina and focus of the protocol, before September 30, 2009, both sides of the merger if not completed delivery will be automatically terminated.Sina and focus announced at the same time, a pause in the capital and cooperation at the same time, Sina and focus will remain in the brand area business levels to carry out continuous cooperation.