| 5:52 am on Nov 21, 2003 (gmt 0)|
But the rumor here is that Yang is going to pay 100 million USD for 3721.com
| 8:50 am on Nov 21, 2003 (gmt 0)|
From Cnet Asia [asia.cnet.com], "A proposal on the table late Thursday called for Yahoo to buy Beijing-based 3721 for about US$120 million in cash and stock" ~ "the deal is not yet final, however".
"3721's business entails selling Chinese-language keywords for Roman alphabet domain names". This seems to be a Chinese version of Realnames.
| 10:52 am on Nov 21, 2003 (gmt 0)|
source: Yahoo To Acquire Chinese Search And Domain Firm 3721 [chinatechnews.com]
|According to reports, Zhou Yiwei, president of 3721, will go to Hong Kong to sign a contract with Yahoo today. The deal is as follows - Yahoo will give 3721 US$100 million in both cash and stock to buy 3721 Hong Kong Company. |
| 3:03 pm on Nov 21, 2003 (gmt 0)|
Now it's official!
source: Yahoo! HK/Acquisition:Beijing Co Gets Access To Yahoo! [sg.biz.yahoo.com]
|Yahoo! Holdings (Hong Kong) Ltd., a unit of Internet giant Yahoo! Inc. (YHOO), said Friday it had signed a deal to buy Hong Kong software developer 3721 Network Software Company Ltd. for US$120 million. |
| 12:23 am on Nov 22, 2003 (gmt 0)|
That's a whole lot of money. They charge $115/year for a subscription to their service? Can they really recoup their investment?
That's a whole lot of money...
| 1:39 am on Nov 22, 2003 (gmt 0)|
>>The deal will give Beijing 3721 access to Yahoo! technology, products and services.
Kind of gives a paranoid-type squeamish feeling to someone who uses SBC/Yahoo as their ISP.