China's Weibo Corp chairman Charles Chao said on Tuesday he informed the company that he had no discussions with anyone regarding taking the social media company private.
Weibo Corporation Chairman Charles Chao talks on a cell phone before the opening of trading for Weibo at the NASDAQ MarketSite in Times Square on day one of its initial public offering on The NASDAQ Stock Market in New York April 17, 2014. REUTERS/Andrew Kelly/FilesREUTERS: China's Weibo Corp chairman Charles Chao said on Tuesday he informed the company that he had no discussions with anyone regarding taking the social media company private.
Reuters had earlier reported on Tuesday that Chao and a state investor were in talks to take the Nasdaq-listed company private in a deal that could value it at more than US$20 billion.