Technology Industry

Industry: Email Alert RSS Feed
Comments

Asia Online Gets $35m Loan for Regional Expansion

Computergram International, August 13, 1999

Hong Kong based internet service and content provider Asia Online, a subsidiary of Japan's Softbank, has raised $35m to buy internet-related companies in the Asia-Pacific region. The private equity financing was arranged by US investment bank JP Morgan which gets a seat on Asia Online's board.

Most RecentTechnology Articles

"With the financing behind us, there will be no stopping the drive to build the first internet-solutions company providing the convenience and efficiencies of the web throughout Asia, as well as to people outside Asia wanting to do business with the region," chief executive Kevin Randolph said. Analysts said Asia Online's strategy to build a regional presence through acquisitions could be the prelude to a public listing. "They are spending a pocketful of money now for a truckload of cash later," DBS Securities analyst Peter Milliken told a local newspaper.

COPYRIGHT 1999 Datamonitor
COPYRIGHT 2008 Gale, Cengage Learning
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)

advertisement
Click Here
CXO UnpluggedSmart Business interviews on BNET

See and hear how senior level executives across the Asia Pacific are developing smart business ideas across a variety of sectors. The focus is on the future, and on how businesses need to evolve.

Brought to you by CBS MoneyWatch.com

advertisement
  • Click Here
  • Click Here
  • Click Here
advertisement

Content provided in partnership with Thompson Gale