Monday, June 18, 2007

Microsoft to buy $12 million stake in China TV maker

Microsoft to buy $12 mln stake in China TV maker (Reuters)

Microsoft Chairman Bill Gates gestures during the opening of Microsoft's Global Technical Support Centre and the launching of Windows Vista and Office 2007 in Bucharest February 1, 2007. Microsoft Corp. has agreed to pay 94 million yuan ($12.3 million) for a stake in Sichuan Changhong Electric Co. and will form a cooperative alliance with the TV and electrical appliance maker, the Chinese company said on Monday. (Bogdan Cristel/Reuters)Reuters - Microsoft Corp. has agreed to pay 94 million yuan ($12.3 million) for a stake in Sichuan Changhong Electric Co. (600839.SS) and will form a cooperative alliance with the TV and electrical appliance maker, the Chinese company said on Monday.


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