SINA Corp. Joins Buyer Consortium In Proposed E-House Transaction - Quick Facts

(RTTNews) - SINA Corp. (SINA), an online media company serving China and the global Chinese communities, announced it has joined a consortium with Xin Zhou, CEO of E-House (China) Holdings, and Neil Nanpeng Shen, a member of the board of E-House, with respect to a proposed transaction to acquire all the outstanding ordinary shares of E-House not already owned by the buyer consortium.

E-House (China) Holdings is a real estate services company in China with a nationwide network covering more than 260 cities.

SINA has agreed to exchange all the E-House shares beneficially owned by it, including shares acquired in the going private transaction, at the closing of the deal with ordinary shares of Leju Holdings Limited held by E-House at the closing. Leju is a majority owned subsidiary of E-House.

E-House said an Independent Committee of its Board is continuing evaluation of the transaction.