|
Rumor: Shanghai Alliance Investment To Sell Off MSN China Stake
Shanghai Alliance Investment plans to sell its 50 percent stake in MSN China company Shanghai MSN Network Communications Technology, a joint venture between Microsoft and Shanghai Alliance Investment, according to a rumor reported by 21st Century Business Herald. Shanghai Alliance Investment is now in talks with overseas investors for the sell-off, said the report quoting an insider. Shanghai MSN Network Communications Technology Company may face operation license problems if Shanghai Alliance Investment sells its stake, said the report quoting Shanda (Nasdaq: SNDA) president and former Microsoft China president Tang Jun. MSN China public relations director Feng Guangshun refused to comment on the rumor, according to the report. MSN and Shanghai Alliance Investment set up the joint venture to launch MSN China in May, 2005.
|
