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Tech M & A News.
0 Comments | M2 Presswire, August, 2005
M2 PRESSWIRE-8 August 2005-BlitzTrader.com: Tech M & A News(C)1994-2005 M2 COMMUNICATIONS LTD RDATE:08082005 Clear Lake, TX - Forbes online is reporting that Yahoo Inc. (NASDAQ: YHOO) is about to get a larger presence in China, by investing in China's leading e-commerce company. The reports of later stage negotiations to purchase approximately 35 of Alibaba.com for close to $1 billion.
Making it the largest investment in the Chineese Internet industry by a foreign company and follows Friday's impressive Baidu.com (NASDAQ: BIDU) IPO, which closed at $122.54, well above its IPO price of $27 a share. Baidu's IPO performance was the biggest one day IPO gainer in over five years. In telecom news, the U.K. Sunday Business newspaper is reporting that Cisco...
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