Alibaba Said to Mull Weibo Stake Sales to State-Owned Media …

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BEIJING, December 29 (TMTPOST)— Alibaba is discussing with state-owned Shanghai Media Group (SMG) to sell stakes in Twitter-like social media Weibo to one of China’s largest media and cultural conglomerates, Bloomberg cited people familiar with the matter on Wednesday.According to the sources, the talks are at early stage and may not reach a deal which could allow Alibaba, the shareholder with 30% stake,