Rumor: NetEase to Take Over MSN China Stake
NetEase (Nasdaq:NTES) may take over 50% stake in MSN China company Shanghai MSN Network Communications Technology, a joint venture between Shanghai Alliance Investment Ltd (“SAIL”) and Microsoft (Nasdaq:MSFT), from SAIL, Sohu reported April 20, citing an unnamed investment industry source.
NetEase and Microsoft have formed a basic agreement to operate MSN China through a joint venture, said the report, citing another source close to Microsoft.
SAIL set up the venture with Microsoft in May 2005, and rumors in 2007 said SAIL planned to sell off its 50 percent stake in the JV.
If you want edit me? just go to your profile than add description text as many you like. ^_*