[ASIA] Asiacontent.com will sell its CNET Asia sites to joint venture
partner CNET Networks, Inc. for $6 million in cash, Asiacontent announced
Wednesday. news.earthweb.com/bus-news/article.php/533931:: p://news.earthweb.com/bus-news/article.php/533931 >news.earthweb.com/bus-news/article.php/533931 http://news.earthweb.com/bus-news/article.php/533931HOME |
"The sale of Asiacontent.com's joint venture interest in CNET Asia reflects the company's
strategic direction to leverage its content management platform through its Internet solutions
business," Asiacontent said in a statement. As part of the agreement with CNET, Asiacontent.com
will provide technical support and content management for CNET's Asia sites for six months.
Asiacontent has been moving away from its original business model of localizing U.S. and
European Internet brands in Asia to a solutions business. The company is also continuing its
relationship with advertising network DoubleClick. asia.internet.com/news/print.php/675491:: Asiacontent.com Sells CNET Asia to CNET for $6M. Asiacontent.com [Nasdaq:IASIA] will sell its CNET Asia sites to joint venture http://asia.internet.com/news/print.php/675491HOME | Business News for IT Managers:: Asiacontent.com: Helping Companies Go Global - 07/28/2000 ANZ-OCBC To Invest $100 Million In Asia-Pac Internet Bank - 07/17/2000 http://news.earthweb.com/bus-news/archives.php/200007HOME | Asiacontent.com Sells CNET Asia to CNET for $6M:: Asiacontent.com Sells CNET Asia to CNET for $6M. By Hans Lombardo. Asiacontent.com [Nasdaq:IASIA] will sell its CNET Asia sites to joint venture http://asia.internet.com/news/article.php/673031HOME |
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