One of Outblaze's major investors, China Rich Holdings, has told the Hong Kong Stock Exchange that a large U.S. company has put in a proposal to buy all of the Hong Kong Internet company's issued shares for US$200 million, according to a South China Morning Post report.
An official at Outblaze however countered this claim by saying that the company's shareholders were not considering "complete buyouts" of the Outblaze.
However, an executive at China Rich, which owns 28 percent of Outblaze, indicated that the Outblaze official was ill informed.
A spokesperson from Pacific CyberWorks, which has a 20 percent stake in Outblaze, told the Post that she had no knowledge of the deal.
Hikari Tsushin, another investor and a Japanese mobile teleco, holds 10 percent of Outblaze. The $200 million buyout would be 400 percent more than the $45 million valuation indicated by Hikari's purchase of shares in October
Business News for IT Managers::
PSiGate, ClearCommerce to Offer Canadian-Based E-Commerce - 12/02/1999 US Company Offers To Buy Outblaze for $200 Million - 12/02/1999
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Spam::
US spammer fined £75k for porn sting A US company has been fined £75000 for expects to see revenue jump from $110 million per year to $200 million,
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From Loopers-Delight-request@loopers-delight.com Sat Oct 1 00:58 ::
$200 (plus shippingunless you wanted to pick it up at the Y2K5 Fest this I'd buy a second one for small scale gigs where I don't bring my rack,
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From markwats@comcast.net Tue Feb 1 17:49:55 2005 From: markwats ::
Sirius is now at just over 1 million, and I think XM is at almost 3.5 million. contract realizes $200 million in income "automatically" EVERY YEAR,
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 Challenging Books For A 14 Year Old?
 First guitar : acoustic or electric?
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US Company Offers To Buy Outblaze for $200 Million