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Sina (SINA) Falls From Highs As Weibo Report Denied

July 1, 2011 11:14 AM EDT
Sina Corp. (Nasdaq: SINA) is coming off the highs as Russia's Digital Sky is now denying reports it offered $500 million for a stake in Weibo that would have valued the microblogging site at $5 billion.

Shares of SINA are up 2.6%, but off the highs.


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