Sunday, June 17, 2007

Microsoft to buy $12 mln stake in China TV maker

(Reuters) - The project will face challenges that have dogged several
such collaborations in the past, but the market is now more
mature and the deal gives Microsoft a foot in the door with a
potentially key player, said Sigurd Leung, head of IT research
at Beijing-based Analysys International.




"Changhong is a state-backed company, so for Microsoft to
get 1 percent is still quite significant," he said.


Read more at Reuters.com Business News

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