Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Sina Weibo Rejects USD 500 Mln from DST

TechWeb, 7/01/11

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."

Keywords: foreign investment Internet Sina microblogging Digital Sky Technology

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