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China Buys Microsoft’s MSN Site for 100million

Posted on September 28th, 2007 by startuplay

MSN ChinaSina.com today released news that The9 (NCTY) has secretly signed an agreement with Shanghai Alliance Investment to take over 50% of the stake of MSN China for half of msn’s estimated value (200million). According to report:

“不太可能”，不少分析人士对该消息皆称“惊讶”。不过，据消息人士透露，上述交易可能牵涉微软与九城间更深层次的资本合作，“其模式或类同当年雅虎与阿里巴巴的‘雅巴组合’”。如此来看，接盘背后九城与微软可能皆有更庞大的战略阳谋。

there is a likelyhood of a similar cooperation as that of Yahoo and Alibaba. Microsoft previously released news aboutThe9 Chinese Game Maker potential sell of back at the beginning of September due to lack of progress in recent years (since 2005) in its search and wireless strategy.

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Filed under: Reports - China, Internet Development, Globalization

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5 Responses to “China Buys Microsoft’s MSN Site for 100million”

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  2. madmilker, on November 7th, 2007 at 2:09 am Said:

    This is a time bomb. Tick, tick……Tick

    From RGEmonitor blog:

    Look at the info Citigroup just filed with the SEC today: they have $135 BILLION in LEVEL 3 ASSETS.

    I have a neat idea.

    Why don’t we take every single major financial institution out there and then divide their total Level 3 assets by their equity capital base and make comparisons?

    This will give us a better idea as to which of them may really remain solvent at the end of the day. Shall we?

    Let’s have a look at Citigroup. Their equity base is $128 billion. Therefore, their Level 3 assets to equity ratio: 105%

    How about Goldman Sachs? Level 3 assets are $72 billion, equity base is $39 billion. Their Level 3 assets to equity ratio is 185%.

    Morgan Stanley: $88 billion in Level 3, equity base is $35 billion. Ratio: 251% (WOW!)

    Bear Stearns: $20 billion in Level 3, equity base is $13 billion. Ratio: 154%

    Lehman Brothers: $35 billion in Level 3, $22 billion in equity. Ratio: 159%

    Merrill Lynch: $16 billion in Level 3, $42 billion in equity. Ratio: 38%

    Here is the Level 3 assets to equity ratio summary:

    Citigroup 105%

    Goldman Sachs 185%

    Morgan Stanley 251%

    Bear Stearns 154%

    Lehman Brothers 159%

    Merrill Lynch 38%

    This becomes very interesting now, doesn’t it?

    Looks to me like Goldman Sachs and Morgan Stanley are by far in the WORST situation among the investment banks.

    And yet the media is focusing all of their attention on Merrill Lynch—which actually has by far THE LEAST EXPOSURE of all of them. What a joke.

    As I said before, the media should stop diverting attention and trying to make this into a “Merrill-specific” problem.

    All of the investment banks are in deep trouble. These numbers should make that extremely evident. The deception must be exposed.

    Written by Bernard on 2007-11-05 11:33:55

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