Sina to invest tens of millions of dollars to buy a professional game website

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May 20 News, according to people familiar with the matter, Sina 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.

Sina has been communicating with the website for up to two weeks, according to people familiar with the matter. If the merger succeeds, the Sina game channel will probably merge with the online website.

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.

The person also said that Sina Games division general Manager Wang has recently redeployed, as a consultant role, do not rule out the possibility of the acquisition.

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".