Vista Household (www.vista123.com): MSN China Chinese shares 1 billion acquisition? August three, when the culture of China, Hong Kong listed corporations (1060, HK) announced that July thirty was agreed to obtain a confirmation letter, to become a one-billion acquisition of Internet-related company inside the 50% stake inside the provider , plus the firm also acquired the object by default will be the latest recognition and NetEase inside the
It also tends to make 50% stake in MSN China's taking more than, even much more twists and turns. But reporters from reliable sources that, the truth is, Microsoft's MSN and NetEase does not finish the negotiations, but the two sides into the see-saw stage, at which level to the Chinese culture, it appears additional implications.
require sustained investment in Microsoft's MSN
It is also centered provider need to have financial assets to have the ability to achieve this.
cultural China below the previous (1060, HK) introduced in April this 12 months showed a profit in 2009, 2009, the enterprise turnover 388 million Hong Kong bucks, a net loss attributable to shareholders of 22.87 million Hong Kong dollars. As of December 31, 2009, Culture of China was 126.7 million money reserves of HK $ a hundred,000,000 plus the company's offer you is still a significant distance.
NetEase formerly noted, based on the 2010 initial quarter outcomes, the provider quarter complete revenues of RMB 1.2 billion, net profit of four.52 billion yuan (six,630 U.S. bucks), as of the first the end of the first quarter, Netease total quantity of money held by seven.7 billion yuan.
Still, additionally to income, culture, Dong Ping, chairman of China's Movie and Tv manufacturing and distribution, media management, network and cellular gaming organization along with other business-oriented extensive cultural market groups. - The company's new media organization, obviously optimistic, but additionally seems to become the spoiler MSN acquisition of China's
March and April in 2010, Culture of China and also the acquisition of Prefect Technique InternationalLim ited whole share money of the Ming Town, the business, indirectly Cultural Improvement Co., Ltd. All North real interest in Metropolitan Culture Communication Co., Ltd. which owns 50% of equity. Two acquisitions involving total funding of 619 million Hong Kong dollars, of which some of the money to pay out one.19 billion Hong Kong dollars. 50% of MSN in China, the acquisition, the business also can refer to a comparable mode of operation of money, but the company's existing income position, soon after a year of continued investment in MSN, the burden is also not simple.
be acquired in the culture of China introduced the news of the day, the enterprise shares the same day that rose six.173 % to 0.86 Hong Kong bucks, as of August five closing, the company's share cost of 0.89 Hong Kong dollars. However, Chinese culture has also stressed that a letter of intent isn't legally binding, only the 2 sides signed a sale and buy agreement, to get effect.
smoke or real intruder?
But in the interview, also told reporters the investment community, equity holders of psychological strain on them to NetEase a move.
below the prior agreement, MSN China joint enterprise Shanghai MSN Network Communications Technology Co., Ltd. 50% with the holders of the shares of Shanghai Alliance Investment Limited.
response, insiders mentioned, MSN China shares offered to whom, plus the final decision or inside the Microsoft headquarters, but what type of situations and supply cost to choose 50% stake in MSN China, but Shanghai and MSN stake in the interests of traders,
this regard, the resources stated Microsoft
dependable source can also be involved inside the negotiations confirmed to reporters, Netease respects with the terms of Microsoft's MSN negotiations proceed.
Activities
2005 年 five 月, MSN's formal entry into China, taking into consideration nationwide policies, Microsoft has taken with Shanghai Alliance Investment Co.,
Microsoft Office Professional 2010, Ltd. jointly create a joint enterprise operation of the web business the way in which, the 2 sides each holding 50%.
2007 onwards, the business for joint venture partners Shanghai Alliance Investment Ltd options to offer 50% stake within the fingers with the news has been heard, online sport businesses, , although knowledgeable sources, MSN China has also labored with Tencent, Baidu and other local Internet companies approached.
2010 年 4 months, business resources Netease and MSN negotiations, restructuring the joint enterprise news.
2010 年 8 3, China Hong Kong outlined corporation culture (1060, HK) introduced that July thirty was agreed to obtain a confirmation letter, the proposed 1-billion acquisition of a enterprise engaged in Online associated to the company's 50% stake in the organization, as well as the provider also admitted towards the acquisition of objects for your default MSN China.
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