Business Services Industry
Argentina: US investment fund acquires Gauchonet.
South American Business Information, October, 1999
US investment funds have paid US$8mil to gain control in the Argentinean Internet portal Gauchonet, created by entrepreneur Mr. Gonzalo Arzuaga, and with shares floating in the Buenos Aires stock exchange. Gauchonet has a range of services common to Internet portals (news, discussion chats, games, sports, etc.) and generates its income from advertising directed to consumers up to 35 years old.
Source: El Clarin Page: 29 Date: October 9, 1999 Country: Argentina Product: Internet Services Company: Gauchonet Event: Acquisitions & Mergers SABI (South American Business Information)
News Provided by COMTEX (http://www.comtexnews.com)
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