Aristeia Capital said it believes Sina Corp., which controls the Chinese Twitter-like service Weibo Corp., could fetch as much as $190 a share in a sale, a 67 percent premium to its current price.
Aristeia, which disclosed a 4.2 percent stake in Sina last month, has been pushing the company to explore ways to unlock shareholder value, including potentially through a sale of the company. The Greenwich, Connecticut-based investment firm has put forth two nominees for the company’s board at its annual general meeting Nov. 3.
