According to an industry source, Chinese internet company Sina's (Nasdaq: SINA) Weibo microblogging platform recently declined USD 500 mln in investment funds from Russian investment group Digital Sky Technologies (DST). DST reportedly appraised Sina Weibo at a value of USD 5 bln.
Editor's Note: Subsequent to reporting on this rumor, a DST representative contacted Marbridge to deny it, saying, "DST has never made an offer to invest in Weibo."
Digital Sky Technology
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