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Rumor: Google Will Acquire Chinese Literature Website

December 26, 2006
Internet

Google (GOOG) is rumored to be close to acquiring CMFU.com, a Chinese literature website owned by online game service provider Shanda.com (SNDA).

Local media also report that Chen Tianqiao, president and CEO of Shanda.com, has been keen on cooperating with international brands, and has also expressed his interest in the transaction.

According to local media, a third party auditing company has proposed a recommended price of US$400-600 million for CMFU.com, but Google has not made any comment on this incredibly high price.

Tags: CEO | Chen Tianqiao | Chinese | entertainment | game | GOOG | Google | international | literature | media | online | online game | president | report | rumor | search engine | service | Shanda | SNDA | website

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