Wednesday, March 23, 2005

Yahoo to acquire Sina and Shanda? More details...

From People's Daily Online: Yahoo! gears up China biz

"Senior executives of Yahoo!, the world's leading Internet portal operator, have arrived in Beijing intent on gearing up its e-commerce and search engine business in the Chinese market.

Led by Daniel Rosensweig, chief operating officer, and Jeff Weiner, senior vice-president for search and marketplace, the team yesterday pledged to enlarge Yahoo!'s investment in China and introduce new products.

The visit came amid widespread market rumour that Yahoo! is pondering acquiring NASDAQ-listed Sina, the leading domestic Internet portal operator, and Shanda, the largest Chinese online games operator. "

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