Weibo-owner Sina gets buyout bid at 12% premium from CEO-led entity

Weibo-owner Sina gets buyout bid at 12% premium from CEO-led entity

The logo of Sina Corp.'s Sina Weibo microblog service is displayed on an Apple Inc. iPad and iPhone in an arranged photograph in Hong Kong, China, on Wednesday, Feb. 5, 2014. Photographer: Brent Lewin/Bloomberg

Sina Corp, the owner of social media platform Weibo, said on Monday it had received a go-private offer of $41 per share in cash from a holding company led by its Chief Executive Officer Charles Chao.

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