Alibaba To Take Stake in Sina's (SINA) Weibo - Reuters
Tweet
Share
E-mailGet Alerts SINA Hot Sheet
Join SI Premium – FREE
Alibaba Group is planning to take a stake in Sina's (Nasdaq: SINA) Weibo, China's version of Twitter, according to reports out of Reuters. Sources say the agreement is in the final stages, and values Sina Weibo at around $3 billion. Alibaba plans to take a 15 to 20 percent stake in the company.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- EQT And KKKR Said Among Firms Considering Bids For Qiagen - Bloomberg
- CVRx shareholder pushes board to pursue sale of the company
- Pure Energy Minerals signs LOI to acquire Nevada lithium brine property
Create E-mail Alert Related Categories
Mergers and AcquisitionsRelated Entities
TwitterSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
