NEW YORK -- Sina, the Nasdaq-listed Chinese company behind the Twitter-like service Weibo, has received a proposal from an entity led by Chairman and CEO Charles Chao to take the business private after 20 years on the U.S. exchange.
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After 20 years on Nasdaq, China's Sina wants out
CEO makes push to take company behind Weibo private amid US tensions
Sina Chairman and CEO Charles Chao visits the Nasdaq in April 2014 on the first day of trading for spinoff Weibo. © Reuters
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