Monday, July 16, 2007

China's Gome in talks to buy cellphone retailers

(Reuters) - SHANGHAI, July 16 - Gome Electrical Appliances Holdings Ltd. , China's biggest electronics retailer, is in talks to buy domestic cellphone retail chains to expand market share, a company spokesman said on Monday.



"Gome is seeking to consolidate China's fragmented cellphone retailing business, using its financial strength," He Yangqing said.


Read more at Reuters.com Mergers News

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