[ASIA] Asiacontent.com will sell its CNET Asia sites to joint venture
partner CNET Networks, Inc. for $6 million in cash, Asiacontent announced
Wednesday. 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 |
"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. 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 |
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. InternetNews Realtime IT News -::
Asiacontent.com: Helping Companies Go Global - 07/28/2000 ANZ-OCBC To Invest $100 Million In Asia-Pac Internet Bank - 07/17/2000
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Asiacontent.com Sells CNET Asia to CNET for $6M