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ZCOM Acquires Myrice 

Posted on Nov 07, 2006 | 19:11

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Chinese online multimedia magazine publisher ZCOM (www.zcom.com) announced on November 6 that it has acquired Chinese Internet portal Myrice, reports Beijing Times. Myrice employees have joined ZCOM's Shanghai subsidiary. According to a ZCOM insider, Myrice will be operated independently. ZCOM chairman Huang Mingming refused to discuss the acquisition price. However, the report said that ZCOM may have paid up to ten million Yuan for Myrice.

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