Alibaba Spent $135 Million To Buy Micro-Blog Shares
Alibaba
Increase Holdings
micro-blog
Shares.
According to the documents, Alibaba spent $135 million to buy 3 million shares of micro-blog shares, accounting for 1.39% of micro-blog's total share capital.
The document also shows that after the completion of the paction, Alibaba held 68.1% of class a common shares of micro-blog.
The share of all diluted diluted shares increased from 30.1% to 31.5% in the combined calculation of micro-blog common shares and B shares.
According to micro-blog's description, a Class A shares represent one vote, and one class B shares represent three votes.
Alibaba now enjoys the right to vote for micro-blog 15.2%, that is to say, the largest shareholder is Sina.
Sina
It is believed that Alibaba's holdings of class a common shares of micro-blog show that Ali's support for Sina and micro-blog management groups is expected to be closer.
Alibaba had invested micro-blog in a strategic investment in April 2013, when they bought Sina micro-blog's preferred stock and common stock for $586 million, accounting for about 18% of the total loss of micro-blog's total dilution.
After the listing of micro-blog, Alibaba increased its share of micro-blog's total diluted share to 30% by 449 million US dollars.
Ali's strategic stake has also brought a lot of benefits to micro-blog.
Micro-blog's 2015 annual report shows that in the past three years, the advertising revenue earned by Ali has reached 2.94 billion US dollars, and the revenue from Ali can account for about 30% of the total revenue.
Sina is still a major shareholder of micro-blog, which owns 51% of micro-blog and 75% votes for voting rights.
It can be said that sina still controls and manages micro-blog now, while Alibaba enjoys the majority of the right to gain while micro-blog has certain management rights.
In April, sina CEO Cao Guowei said in an interview that he had not considered selling Sina and micro-blog at least so far.
But Cao Guowei also said that if micro-blog was good for shareholders, he would consider it.
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