Tuesday, March 28, 2006

Google Joins the Frey for Sina

According to unnamed government sources, Google is joining the frey for acquisition of Sina by Tom.com.

Yesterday, Tom.com issued a public release which stated "no current agreement has reached" on acquisition of Sina.com. The non-admittal, non-denial annoucement is further ramping up the speculations.

The quoted sources said that Google is negotiating on acquiring 5% of Sina.com as part of the whole acquisition by Tom.com. Google's investment is intended for speeding up the localization effort headed by Kai-Fu Lee.

Chinese link from tech.163.com


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