Chinese Internet video company Ku6.com announced that their board of directors has received an initial non-binding privatization offer from controlling shareholder Shanda. According to Ku6, Shanda offered to buy Ku6 for USD0.0108 per ordinary share, which equals USD1.08 per ADS. This proposal values Ku6 at about USD51.5 million, which represents a premium of 54% compared with its ADS closing price on January 29, 2016. Meanwhile, ...
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