Chao denies Sina will buy 178.com gaming network

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May 20 Morning News, for the news that Sina intends to acquire a professional game website, Sina CEO Cao Chao in the acceptance of Tencent Technology connection denied the acquisition, and said, "did not hear the site, also do not know what to do."

According to people familiar with the matter, Sina plans to invest tens of millions of dollars to buy a domestic game website. If the agreement goes well, the acquisition will be announced in the near future.

It is reported that Sina is going to buy the game site for 178.com, the site by the former more play Network general manager Zhang Yunfan and the original Sina game editor Miao Yunyu Early founder, the website Bai Wentao Angel Investment in Guangzhou Investors, the current traffic has been squeezed into the global Alexa site ranked first 5,000.

If the news is true, this means that Sina will likely become the second acquisition of Professional gaming website portal, previously, Sohu has bought 17173 games from the network of the game site, and in the subsequent years through 17173 to achieve huge gains, Sohu "Tianlong eight" has thus become one of the highest income online.

But one Sina insider, who declined to be named, said Sina did have plans to acquire professional gaming sites, but not the 178.com, which was set up this year, but other professional sites with a longer history.

In response to Sina's possible mergers and acquisitions, 178 founder Zhang Yunfan May 20 morning in the acceptance of Tencent Technology Link said no comment. He admits, however, that it is indeed seeking capital co-operation in the near future.

There was also news that the perfect time CEO Chi was interested in investing 178.com. However, Zhang Yunfan strongly denied the rumor and referred to it as "nonsense".