Softbank buying 40% of China Internet firm
Updated:2008/4/30 10:55
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Japan''s Softbank Corp (9984.T: Quote, Profile, Research) is raising its stake in Chinese Internet firm Oak Pacific Interactive to 40 percent for a little over 20 billion yen ($192 million), a source close to the matter said on Wednesday.
The Japanese Internet and telecom company now holds a 14 percent stake in Oak Pacific that it bought for about 10 billion yen. ($1=104.06 Yen)
Source:Reuters
