三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

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: 色午夜视频 | 亚洲免费在线观看视频 | 成年女人毛片免费观看不卡 | 好爽好深好猛好舒服视频上 | 免费黄色大片视频 | 亚洲欧美国产日本 | 国产一级特黄生活片 | 色亚洲视频 | 国内久久久久影院精品 | 高h喷水荡肉爽文1v1 | 伊人亚洲影院 | 四虎hk网址| 欧美日韩高清性色生活片 | 欧美一区二区三区久久久人妖 | 韩国免费毛片在线看 | 亚洲一欧洲中文字幕在线 | 日毛片 | 女同另类一区二区三区 | 人人婷婷色综合五月第四人色阁 | 毛片大全| 国产爱久久久精品 | 青草视频免费在线观看 | 豆国产97在线 | 中国 | 在线观看免费网址大全 | 国产精品国产亚洲精品不卡 | 色花堂网站 | 国产精品永久免费自在线观看 | 玛雅视频网站在线观看免费 | 久久国产精品国产精品 | 99精品国内不卡在线观看 | 女人a级毛片 | 日韩中文字幕精品久久 | 在线观看亚洲专3333 | 在线观看精品福利片香蕉 | xxxxxhd69日本护士 | 看片网站在线 | 91精品国产色综合久久不卡蜜 | 久久er热在这里只有精品66 | 黄色片视频在线 | 特级aav毛片日本免费视频 | 成人免费视频77777 |