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SINA Announces That It Will Not Negotiate to Extend the Deadline for Its Merger with Focus Media's Digital Out-of-Home Business
"Although we still believe that the acquisition of Focus' out-of-home
advertising networks can provide strong synergistic effect to SINA's online
advertising platform and significantly enhance SINA's leading position in the
new media space, the delayed consummation of the transaction has negatively
impacted the business operations of both sides. Consequently, after due
consideration, we have decided with Focus' management that the best course of
action from here is allow the current agreement deadline to expire," said
"Although we will not move forward with the merger, we will continue our
strategic cooperation with SINA to provide our advertisers with more effective
integrated marketing," CEO and Chairman,
About SINA
SINA Corporation (Nasdaq GS: SINA) is a leading online media company and
value-added information service provider in
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by this section. SINA assumes no obligation to update the forward-looking information contained in this press release.
For more information, please contact:
Cathy Peng
SINA Corporation
Tel: +86-10-8262-8888 x3112
Email: ir@staff.sina.com.cn
SOURCE SINA Corporation













