Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Sina Denies Alibaba Investment Rumor

Tencent Tech, 12/27/12

Chinese internet company Sina (Nasdaq: SINA) denied rumors today that e-commerce conglomerate Alibaba Group would purchase a stake in the company's Weibo microblogging service. Earlier rumors suggested that Alibaba Group would buy a 15% to 20% stake in Sina Weibo, valuing the service at USD 3 bln.

Editor's Note: For more information on this topic, please see "Rumor: Alibaba Outbid Tencent, Baidu to Invest in Sina Microblog," MD 12/21/12 and "Rumor: Alibaba, Sina Microblog Resume Investment Talks," MD 12/17/12 issues.

Keywords: e-commerce Internet M&A Sina microblogging Alibaba Group

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports