REUTERS BUYS STAKES IN CHINAWEB
AsiaInfo Services, March, 2008
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AsiaInfo Services 03-20-2008 Reuters Buys Stakes in ChinaWeb BEIJING, Mar 20, 2008 (SinoCast via COMTEX) -- UK-based Reuters Group PLC said on March 18, 2008 that it had bought a minority stake in China's online financial information provider ChinaWeb. After the transaction, Reuters is set to provide Chinese individual investors with the Reuters Investor Service, which is offering information and analysis on financial markets.
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The UK media giant said that it paid the deal in cash and the target's gross assets stood at GBP 2.6 million at February 4. It did not unveil further financial ...
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