Weibo ups stake in Inmyshow Digital through $315m acquisition of ShowWorld Hong Kong

Weibo ups stake in Inmyshow Digital through $315m acquisition of ShowWorld Hong Kong

The logo of Sina Corp.'s Sina Weibo microblog service is displayed on an Apple Inc. iPad and iPhone in an arranged photograph in Hong Kong, China, on Wednesday, Feb. 5, 2014. Photographer: Brent Lewin/Bloomberg

China’s Weibo Corp said on Wednesday it was raising its stake in Shanghai-listed media marketing firm Inmyshow Digital Technology Group Co Ltd through the acquisition of ShowWorld Hong Kong Ltd for 2.16 billion yuan ($314.7 million).

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