Rumor: Impasse on Pricing Derails Alibaba-Sina Deal
Netease Finance, 11/21/12
An industry insider has revealed to Netease Finance that Chinese e-commerce conglomerate Alibaba Group has not reached an agreement to buy stock in Chinese internet company Sina (Nasdaq: SINA). Disagreement on the acquisition price is rumored to be the principal reason hindering the two parties from reaching a deal.
Editor's Note: For more information on this topic, please see "Rumor: Alibaba Invests in Sina Microblog" MD 11/19/12 issue.
Keywords: Internet Sina Alibaba Group microblogging investment
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