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SINA Announces Distribution of Weibo Shares

SHANGHAI, Aug. 31, 2016 /PRNewswire/ -- SINA Corporation (the "Company" or "SINA") (SINA), a leading online media company serving China and the global Chinese communities, today announced that its board of directors has authorized and approved the Company's distribution of shares of Weibo Corporation ("Weibo") to the Company's shareholders on a pro rata basis. Weibo is a majority-owned subsidiary of SINA, and its ADSs are currently traded on the NASDAQ Global Select Market (WB). SINA will distribute one Weibo Class A ordinary share to the holder of each ten SINA ordinary shares. Holders of SINA ordinary shares that are settled through DTC will receive Class A ordinary shares represented by Weibo ADSs. The Weibo share distribution will be payable on or about October...