China's Sina Corp., which operates Weibo, agrees to go private in a $2.59B deal, after an entity led by its chairman boosted its offer to $43.30 per share (Peter Elstrom/Bloomberg)

Peter Elstrom / Bloomberg:
China's Sina Corp., which operates Weibo, agrees to go private in a $2.59B deal, after an entity led by its chairman boosted its offer to $43.30 per share  —  Sina Corp. agreed to go private after an entity led by its chairman, Charles Chao, boosted its offer for the Chinese social media company to $43.30 a share in cash.