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In response to reports that Yahoo (ticker: YHOO) might acquire Sina.com (ticker: SINA) in order to thwart advances of online game operator and developer, Shanda Interactive (ticker: SNDA), Yahoo China President Zhou Hongyi said, "It's neither possible nor meaningful for Yahoo! to get involved now". More here.

Source: Yahoo (YHOO) denies interest in Sina.com (SINA)