HONG KONG -- Sina, the Chinese company behind the popular Twitter-like microblog Weibo, said on Monday that its board accepted an updated go-private offer by Chairman and CEO Charles Chao that values the company at $2.59 billion, slightly higher than previously proposed.
China tech
Nasdaq-listed Sina accepts higher $2.6bn buyout bid from CEO
Chinese internet pioneer, traded in US since 2000, to go private
