China market: TOM Online reportedly to buy Shanda’s 19.5% stake in Sina

Jenny Huang and Kaddy Chung, Taipei; Adam Hwang, DIGITIMES Asia Thursday 30 March 2006 0

TOM Online, a leading provider of wireless Internet-based multimedia and value-added services, listed on both the Nasdaq (code name TOMO) and Hong Kong’s GEM (Growth Enterprise Market), plans to acquire a 19.5% stake, valued at US$370 million,...

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