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Sina Announces Receipt of Preliminary Non-Binding "Going Private" Proposal
Sina, 7/06/20
Chinese online media company Sina (Nasdaq: SINA) today announced the receipt of a preliminary non-binding proposal letter, dated July 6, 2020, from New Wave MMXV Limited ("New Wave"), proposing to acquire all the outstanding ordinary shares of the company not already owned by New Wave for USD 41 per share in cash in a going private transaction (the "Proposed Transaction"). Read More
CDM Premium DTV Channels Land in Beijing
Xinhuanet, 4/28/08
After nearly four years of talks, 27 premium digital cable channels run by CCTV subsidiary China DTV Media (CDM) will arrive in Beijing through the Beijing Gehua CATV Network (600037.SH), where China DTV Media will become the fifth premium DTV programming aggregator after Shanghai Media Group (SMG) subsidiary Shanghai Interactive TV (SiTV), Beijing All Media and Culture Group (BAMC), TopV Digital TV Media, and Huacheng Digital Movie & TV Co., Ltd. GM Wang Yan of CDM said that his company currently has 41 premium TV channels and one free electronic program guide covering a potential audience of over 80 mln cable viewers and 20 mln digital cable viewers across China. Read More
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