Financial Associated Press, December 25th, in response to Weibo’s announcement that it intends to acquire 100% equity of Sina Technology (China) Co., Ltd., some outsiders interpreted that Weibo will acquire Sina. On the 25th, the reporter learned from Weibo that the sale and purchase agreement disclosed in this announcement is mainly for Weibo to acquire a subsidiary of Sina. The company also holds certain assets including Sina Building in addition to daily operations. Sina Group holds many subsidiaries and various corresponding businesses, and this transaction does not involve any change in the management relationship between the two. (Chinanews.com)
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