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There is an update to the SINA Corporation
SINAsituation.
Earlier reports had that Digital Sky Technologies wanted to invest $500 million into the company's Twitter-like service, known as Weibo.
Now, Digital Sky Technologies is
saying that it never offered to invest $500 million into the company.
Shares have come off their highs as DST has renounced the earlier claims. SINA shares are higher today by 3%.
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