Singapore markets closed

Weibo Corporation (WB)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
Add to watchlist
56.59-2.61 (-4.41%)
At close: 4:00PM EDT
54.00 -2.59 (-4.58%)
Pre-market: 07:39AM EDT
Full screen
Loading interactive chart…
  • Why Weibo Stock Just Popped, Then Dropped
    Motley Fool

    Why Weibo Stock Just Popped, Then Dropped

    Chinese microblogging stock Weibo (NASDAQ: WB), known as "China's Twitter," saw its shares jump more than 15% in early trading on Tuesday, before retreating to a 6.4% gain by noon. The reason for the jump: According to Reuters, Weibo is going private. This morning, Reuters cited sources saying that Weibo's chairman is working with an unidentified Chinese state investor to take the company private in a deal valuing it at more than $20 billion.

  • Exclusive-Weibo chairman, state firm plan to take China's Twitter private - sources
    Reuters

    Exclusive-Weibo chairman, state firm plan to take China's Twitter private - sources

    HONG KONG (Reuters) -Nasdaq-listed Weibo Corp's chairman and a Chinese state investor plan to take China's answer to Twitter private, sources told Reuters, sending its shares as much as 50% higher on Tuesday. A deal could value Weibo at more than $20 billion, facilitate shareholder Alibaba's exit and see Weibo eventually relist in China to capitalise on higher valuations, the sources said.