Alibaba To Take Stake in Sina's (SINA) Weibo - Reuters

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.

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