Shanda-Sina Deal: Yahoo! Denies Interest in Sina Stake

From Forbes.com: Yahoo! Denies Chatter Re Anti-Shanda Sina Stake

"Over the weekend, rumors had amassed that Yahoo! planned to grab a stake in Beijing-based Web portal operator Sina. ... Yahoo! was expected to make the investment in order to head off a hostile takeover of Sina by online gaming firm Shanda Interactive Entertainment. ... But in the aftermath, Yahoo! denied it would acquire Sina shares."

"The National Business Daily quoted Yahoo China President Zhou Hongyi as saying, "It's neither possible nor meaningful for Yahoo! to get involved now." Read more