Monday, February 28, 2005

Shanda-Sina Deal: Yahoo! Denies Interest in Sina Stake

From Forbes.com: Yahoo! Denies Chatter Re Anti-Shanda Sina Stake

"Over the weekend, rumors had amassed that Yahoo! planned to grab a stake in Beijing-based Web portal operator Sina. ... Yahoo! was expected to make the investment in order to head off a hostile takeover of Sina by online gaming firm Shanda Interactive Entertainment. ... But in the aftermath, Yahoo! denied it would acquire Sina shares."

"The National Business Daily quoted Yahoo China President Zhou Hongyi as saying, "It's neither possible nor meaningful for Yahoo! to get involved now." Read more

2 Comments:

At 9:03 PM, Blogger cc Infopage said...

Yahoo News

Microsoft, Yahoo Reportedly Ready To Link Instant-Messaging Services (TechWeb via Yahoo! News)
Microsoft and Yahoo are expected to announce Wednesday interoperability between each other's instant messaging service, a move that could dramatically change a market that's been dominated by America Online Inc., a newspaper reported.


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