www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

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: 亚洲国产精品线播放 | 91热国内精品永久免费观看 | 亚洲国产一区二区三区a毛片 | 久久有这有精品在线观看 | 91久久青青草原线免费 | 欧美精品成人 | 日本免费久久 | 久久亚洲精品中文字幕二区 | 久久久青青久久国产精品 | 91精品在线免费 | 99久久国产综合精品国 | 九色97| 最近手机中文在线视频 | 日本免费一区二区三区看片 | 精品72久久久久久久中文字幕 | 综合自拍 | 日本a级毛片免费观看 | 三级毛片在线看 | 日韩性黄色一级 | 亚洲免费在线视频播放 | 韩国美女爽快一级毛片黄 | 91视频欧美| 免费高清不卡毛片在线看 | 中国一级淫片aaa毛片毛片 | 蜜桃日本一道无卡不码高清 | 99久久精品国产免看国产一区 | 亚洲天堂最新网址 | 二区三区在线 | 国产日韩欧美视频 | 自拍三级 | 另类二区三四 | 国产成 人 综合 亚洲绿色 | 色噜噜国产精品视频一区二区 | 亚洲国产成人精品一区二区三区 | 成年人国产视频 | 成人首页 | 国产美女作爱全过程免费视频 | 黄色网点| 在线 | 一区二区三区 | 国产日韩欧美综合在线 | 国内亚州视频在线观看 |