Weibo parent Sina to delist US stocks in $2.6 bn deal
Beijing (AFP) - Chinese internet giant Sina Corp, the parent company of the country's vast Twitter-like Weibo platform, plans to delist its US shares and go private, making it the latest mainland firm to withdraw from Wall Street as relations between Beijing and Washington sour.Sina will cease trading on the tech-rich Nasdaq exchange -- where it has traded since 2000 -- after its board agreed to a merger with a group run by its chief executive that values the firm at $2.59 billion.The move comes as a growing number of Chinese companies have delisted from the US or opted for secondary, domestic...