Sina, the first Chinese internet company listed in the U.S., will ask shareholders on Wednesday for approval to join an exodus from New York amid rising tensions between Washington and Beijing.
A group led by Charles Chao, the company's chairman and CEO, is offering stockholders $43.30 in cash for each share they own, valuing the company at $2.59 billion. Shares in Sina, the parent company of the Weibo social media network, closed at $42.53 on the Nasdaq exchange on Monday.
