SINA Announces up to US$500 Million Share Repurchase Program‎

        SINA Announces up to US$500 Million Share Repurchase Program‎

PR Newswire

SHANGHAI, April‎ 11,‎‎‎ 2014‎

SHANGHAI, April‎ 11,‎‎‎ 2014‎ /PRNewswire/ -- SINA Corporation (the "Company"
or "SINA") (NASDAQ GS: SINA), a leading Internet media company serving China
and the global Chinese communities, today announced that the board of
directors of the Company has approved a new share repurchase program whereby
SINA is authorized to repurchase its own ordinary shares with an aggregate
value of up to US$500 million. The Company expects to fund the repurchase out
of its existing cash balance.‎The share repurchase may be effected on the
open market at prevailing market prices and/or in negotiated transactions off
the market from time to time as market conditions warrant and will be
implemented in accordance with applicable requirements of Rule 10b5-1 and/or
Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended.‎

Safe Harbor Statement

This press release contains forward-looking statements. SINA assumes no
obligation to update the forward-looking statements in this press release and
elsewhere unless required by law. Statements that are not historical facts,
including statements about the Company's plans and expectations, are
forward-looking statements. Forward-looking statements involve inherent risks
and uncertainties. A number of important factors could cause actual results to
differ materially from those contained in any forward-looking statement.
Potential risks and uncertainties include, but are not limited to risks
included in SINA's filings with the Securities and Exchange Commission.

About SINA

SINA is an Internet media company serving China and the global Chinese
communities.Our digital media network of SINA.com (portal), Weibo.com (social
media), SINA.cn (mobile portal), and other mobile applications, enable
Internet users to access professional media and user generated content in
multi-media formats from the web and mobile devices and share their interests
with friends and acquaintances.

SINA.com offers distinct and targeted professional content on each of its
region specific websites and a range of complementary offerings.Based on an
open platform architecture to host organically developed and third-party
applications, Weibo is a form of social media, featuring microblogging
services and social networking services that allow users to connect and share
information anywhere, anytime and with anyone on the platform. SINA.cn
provides information and entertainment content from SINA portal customized for
mobile (WAP) users. We have also developed a broad range of mobile apps, such
as SINA News, SINA Sports, SINA Finance, and SINA Entertainment to complement
our mobile offering.

Through these properties and other product lines, SINA offers an array of
online media and social networking services to its users to create a rich
canvas for businesses and advertisers to connect and engage with their
targeted audiences. SINA generates the majority of its revenues from online
advertising, MVAS and fee-based services.

Contact:

Investor Relations
SINA Corporation
Phone: 8610-82628888 x 3112
Email: ir@staff.sina.com.cn

SOURCE SINA Corporation

Website: http://www.sina.com
 
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