8:30 AM Sina (SINA) +6.9% following a report Alibaba is taking a 15%-20% stake in Sina's Weibo microblogging platform for $2B-$3B. Such a deal would both grant a high valuation to Weibo, which now has 424M registered users and over 40M monthly active users, and potentially open up new monetization opportunities, given Alibaba's Chinese e-commerce/online payments clout. If the rumor pans out, Yahoo (YHOO) would have an indirect ~3%-4% stake in Weibo through its 23% stake in Alibaba. (Read the comments on this)
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