China Business News: Sina completes US$180-mln private equity placement

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Sina completes US$180-mln private equity placement

Nov. 30, 2009 (China Knowledge) - Sina Corp<SINA>, which operates the largest web portal in China, on Sunday announced that it has completed a private share placement and raised US$180 million, sources reported. The company said in a statement that three private equity firms, Sequoia Capital, FountainVest and CITIC Capital, backed the firm's management team's purchase of new shares, which g

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