On the Record · Sina
Sina acquisitions, on the record
The businesses Sina bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Beijing Weiju Future Technology Co. Ltd (Weiju)Word for word“In July, 2017, we acquired a majority equity interest in Beijing Weiju Future Technology Co. Ltd, or Weiju, to launch our online loan facilitation business.” 20-F for 2017 | acquisition | In July, 2017 | — |
Alibaba Group Holding Limited (remaining shareholding)Word for word“In 2016 and 2017, we sold the remaining of our shareholding in Alibaba through open market recognized $44.2 million and $92.3 million of disposal gain, respectively.” 20-F for 2017 | divestiture | In 2016 and 2017 | $44.2 million and $92.3 million of disposal gain, respectively |
Youku Tudou Inc. (disposal of investment)Word for word“3) a $34.5 million gain as a result of the disposal of our investment in Youku Tudou, 4) a loss of $28.5 million in the fair value change of option liabilities related to E-House, and 5) an impairment of $40.2 million related to goodwill and acquired intangible assets.” 20-F for 2017 | divestiture | — | $34.5 million gain |
Leju Holdings Limited (15% equity interest acquired by Tencent Holdings Ltd.)Word for word“In March 2014, Leju, a then wholly owned subsidiary of E-House, entered into a share purchase and subscription agreement with E-House and Tencent, pursuant to which Tencent acquired 15% of Leju’s total outstanding ordinary shares on a fully diluted basis, from E-House and E-house’s ownership in Leju decreased accordingly from 100% to 85% on a fully diluted basis.” 20-F for 2017 | agreed divestiture | In March 2014 | — |
China Online Housing Technology Corporation (COHT), interest acquired by CRICWord for word“On July 23, 2009, we and CRIC entered into a share purchase agreement, as amended on September 29, 2009, pursuant to which CRIC acquired our equity interest in COHT in exchange for CRIC issuing its ordinary shares to us.” 20-F for 2017 | divestiture | On July 23, 2009 | — |
Beijing Weibo Interactive Technology Co., Ltd. (Weibo Interactive)Word for word“(6) Beijing Weibo Interactive Technology Co., Ltd. (“Weibo Interactive”), an online-game platform company, was acquired by the IAD Company in May 2013.” 20-F for 2017 | acquisition | May 2013 | — |
live streaming business from YizhiboWord for word“In October 2018, Weibo acquired live streaming business from Yizhibo, a live streaming platform in China.” 20-F for 2018 | acquisition | October 2018 | — |
Beijing Weibo Interactive Technology Co., Ltd. (Weibo Interactive)Word for word“The entire equity interest in Weibo Interactive was transferred to Weimeng in December 2013.” 20-F for 2018 | divestiture | December 2013 | — |
Beijing Weiyue Information Technology Co., Ltd (Weiyue)Word for word“an impairment of $14.5 million related to goodwill acquired from Beijing Weiyue Information Technology Co., Ltd ("Weiyue"), which is an online reading platform operator.” 20-F for 2018 | acquisition | — | — |
Beijing Weiju Future Technology Co. LtdWord for word“In July 2017, we acquired a majority equity interest in Beijing Weiju Future Technology Co. Ltd, or Weiju, to launch our online loan facilitation business.” 20-F for 2019 | acquisition | July 2017 | — |
Chongqing Yuzhong Financial Guarantee Co., Ltd.Word for word“In December 2018, we acquired a qualified guarantee company, namely, Chongqing Yuzhong Financial Guarantee Co., Ltd., to provide financing guarantee services to comply with PRC laws and regulations in relation to loan facilitation and financing guarantee services.” 20-F for 2019 | acquisition | December 2018 | — |
Beijing Weibo Interactive Technology Co., Ltd.Word for word“(6) Beijing Weibo Interactive Technology Co., Ltd. (“Weibo Interactive”), an online-game platform company, was acquired by the IAD Company in May 2013.” 20-F for 2019 | acquisition | May 2013 | — |
CRICWord for word“CRIC merged into and became a 100% subsidiary of E-House on April 20, 2012 and, as a result, each ordinary share of CRIC held by us was converted into 0.6 ordinary share of E-House.” 20-F for 2019 | merger | April 20, 2012 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2017-12-31 | −$242,000 | $67.1 million |
| 2018-12-31 | $47 million | $27.8 million |
| 2019-12-31 | $270,000 | — |
Read from Sina’s annual reports (20-F for 2019, 20-F for 2018, 20-F for 2017) and the financial data it files with the SEC, as of 2020-04-29. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.