Semel: Yahoo! Denies Chatter Re Anti-Shanda Sina Stake, Forbes.com, 28 Feb 2005

“Over the weekend, rumors had amassed that Yahoo! (nasdaq: YHOO - news - people ) planned to grab a stake in Beijing-based Web portal operator Sina. Led by Chief Executive Terry Semel, Yahoo! was expected to make the investment in order to head off a hostile takeover of Sina by online gaming firm Shanda Interactive Entertainment (nasdaq: SNDA - news - people ). Shanda last week said it bought 19.5% of Sina's outstanding shares; the latter struck back with a poison pill measure. But in the aftermath, Yahoo! denied it would acquire Sina shares.�

Full story at http://www.forbes.com/2005/02/28/0228autofacescan03.html?partner=rss