Sina-led consortium said to be in final talks to buy stake in Yoozoo Games

Source: Tech – South China Morning PostA consortium led by Chinese internet major Sina Corp is in advanced talks to acquire at least an 18 per cent stake in Yoozoo Games, two people with direct knowledge of the matter told Reuters.Sina is teaming up with Chinese microblog operator Weibo Corp and a Shanghai-based state investment firm, according to the people who declined to be identified because of confidential constraints.The consortium is in final talks with Yoozoo chairwoman Xu Fenfen to initially buy at least 18 per cent of the…Read More

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