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Monday, February 28, 2005

Yahoo! offers to purchase Sina.com stake to counter Shanda – report, AFX, 28 Feb 2005

“Yahoo Inc (NASDAQ: YHOO - news) has offered to purchase a stake in Nasdaq (NASDAQ: news) -listed Sina.com, one of China's top three Internet portal companies, to counter a hostile takeover from a newly US-listed Chinese company, online-game operator Shanda Interactive Entertainment (NASDAQ: SNDA - news), the 21st Century Business Herald reported, citing people familiar with the matter.�

Full story at http://uk.biz.yahoo.com/050228/323/fddou.html

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