Sina Technologies News on the evening of October 9, in response to media reports that drip had proposed a $2 billion acquisition of ofo, drip side responded that drip had never had the intention to buy ofo, also promised to continue to support its independent development in the future.
According to media reports, a letter of intent showed that drip had offered to buy ofo at a valuation of $2 billion in August. In the letter of intent, it was proposed that the new board would consist of five members, two of whom would be appointed by drops, one by all the founders and two by investors other than drops. All key posts, including CEO, must be nominated, appointed, replaced or dismissed by drops.
However, in response to the drop, it is said that the rumors of "dropping ofo" have not been consistent with the facts. Didi has never had the intention of buying ofo, and promised to continue to support its independent development in the future. From the C round of ofo 2016 to the latest E round, each round involved a cumulative investment of $350 million.
The report also said that didi also wanted to recover the voting veto of the founder team. In the letter of intent, only the appointed board members have a veto power. Drops and drops deny this, calling it an investor who has never, and promises not to, exercise a veto in the future. (Zhang Jun)
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