Benzinga | Jul 6, 2021 09:30AM EDT

Weibo Announces Chairman's Response To Certain Market Speculation (Full Response)

Weibo Corporation ("Weibo" or the "Company") (NASDAQ:WB), a leading social media in China, noted a Reuters article issued today saying the Company's chairman Charles Chao and a state investor are in talks to take the Company private. In response to the Company's inquiry, Mr. Chao informed the Company that the above information is untrue and he has had no discussion with anyone regarding privatization of the Company.