China's Sohu.com Buys Go2Map

From Forbes.com: China's Sohu.com Buys Go2Map

"Chinese Internet company Sohu.com Inc. said Tuesday it has agreed to acquire Go2Map, an online mapping service provider in China, for $9.3 million in cash. Sohu.com, which operates China's leading Web portal, said the acquisition of Go2Map would let it quickly establish a position in mapping technology to let people search online for offices, restaurants, and transportation information.

Go2Map's database covers 200 cities across China, and it also sells software and map information resources, Sohu.com said. It also provides Web surfers a free online mapping inquiry system in 14 cities."