Microsoft is seeking through social networking in the Chinese Internet market to seek new breakthroughs.Yesterday, reporter learned from informed sources, Microsoft has now reached a happy network with the intention of the investment agreement, MSN will be in cash and part of the way the Chinese the right to operate part of the shares in exchange for happy network.After the transaction, happy to take over the MSN network the right to operate the technical level of China, and will be responsible for integrating the search and development "will make the combination of MSN and happy network products."
Yahoo pattern similar to Alibaba
Microsoft in China and have not been this happy network response yesterday, the relevant responsible person said that the "temporary knowledge."
According to informed sources, the matter in charge of Microsoft's senior trader from the U.S. headquarters of Microsoft, Microsoft Online Service Group President Global Qi Lu is also the status of Microsoft's global executive team, the highest in the ethnic Chinese.Earlier this year began, Lu Qi, founder of Cheng Binghao happy network started with frequent contact.
"The things that you do not ask me, I can not say the law." Wednesday night, a senior Chinese MSN to reporters on the phone said, "I suggest you wait a long time."
Yesterday, one from the investment community informed sources said that two rounds of financing happy net investment in a certain person is happy in this network and the Microsoft deal "middleman."His presence is largely determined by Microsoft to make the final decision of faith.But so far, Microsoft and happy network of cooperation agreements still remain in the memorandum of intent level, only two sides are still many details on bargaining issues.
"If nothing else, the cooperation program needs to open about three months." The source said, "On cooperation in the details of the current refer to the original Yahoo, Alibaba Group and China's trade, but ultimately what Microsoft would chooseforms of investment, there is variable. "
Microsoft in China and "rent-seeking" MSN
Happy net total of two rounds of financing in the amount of $ 25,000,000, investors are northern lights, blind and Sina.Northern Light Venture Capital partner and invest in fancy Tang Feng is the first network of key people happy, also passed is "happy net's largest shareholder."Yesterday, Northern Light Venture Capital did not respond to this message.
Since entering the China market, Microsoft's MSN China has more than once heard the "scandal."In 2007, there have been media reports NINETOWNS "close" to acquire 50% stake in MSN China, but this eventually failed.NetEase also came last week with Microsoft to take over the MSN news.
"Microsoft is already funding the Facebook, it can prove that the judgments of the social networking site." Industry leading commentators Fan Feng-speed transit, CEO, said, "The adjustment of the Chinese market strategy Google, Microsoft, from a global perspective to determine the largestbeneficiaries. and social networking sites, such as through a transaction, the integration of the search will be done more in place of Microsoft's strategy of extraordinary significance. "