Rumor: Beijing Intervenes Into Microsoft's Acquisition Of Yahoo
February 18, 2008 |
Print
|
Email
| Category: Internet
According to Zaobao.com, Beijing has intervened into Microsoft's acquisition of Yahoo by asking Chinese online e-commerce service provider Alibaba to provide detailed information on the acquisition and by keeping a close watch on the process of the acquisition as well as its possible influence.
Yahoo is a shareholder of Chinese Internet trading website company Alibaba. The Chinese government has contacted Alibaba in the hope of knowing about the influence of Microsoft's acquisition of Yahoo on Alibaba. It is very important for local management to maintain control of Alibaba, for China doesn't like to see a foreign company control its Internet content. However, as China's Anti-monopolization Law won't take effect until August 1, 2008, the Chinese government can't do much if Microsoft takes actions before that date.
Earlier this month, Microsoft announced plans to acquire the full stake of Yahoo for $31 per share in cash plus additional stock. However, Microsoft's offer has been refused by the board of directors of Yahoo, who believe that Microsoft has greatly under-valued Yahoo's market value.
Join our China Tech Forum to discuss many more topics!
Leave A Comment:
-
Business
-
Commentary
- Focusing On The Bigger Picture With China's Green Dam Security Software
- Chinese Mobile Phones Lacking IMEI Numbers Face Death In India
- What Is China's Internet Marketing Outlook For 2009?
- China's Baidu.com: Drugged And Screaming For Better Management
- Benchmarks For Corporate Computer Efficiency In China
-
Computing
- Green Computers Donated To Chinese Schools
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- China Plans To Pre-install Software For Preventing Viewing Of Pornographic Websites
- Hasee To Set Up R&D Center In Taiwan
- Into Africa: China Great Wall Computer Arranges JV In Algeria
-
Gadgets & Electronics
-
Internet
-
Law & Policy
- MIIT: Installation Of Green Dam Can Be Delayed For Unprepared Manufacturers
- Campaign Launched Against Chinese Internet "Cultural Irregularities"
- China Implements Stricter Management Of Virtual Currency
- "Sex" Will Be Taboo On Chinese Internet From July 1
- Sogou Sues Tencent Over Unfair Competition In China



































