The Wall Street Journal, 27 Nov 2009
Sequoia Capital, FountainVest Partners, and Citic Capital Holdings Ltd. are backing the Sina management team's purchase of new shares that will give the group a 9.4% stake in the company, according to the people. Sina's management, led by chief executive Charles Chao, will put in around $50 million and the three investment firms will provide the remaining roughly $130 million, one person said, with each taking stakes of a similar size.
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