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Article: LYCOS ASIA ACQUIRES MYRICE.COM
- Article from:
- AsiaInfo Services
- Article date:
- March 17, 2001
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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AsiaInfo Services
03-17-2001
Lycos Asia acquires MyRice.com
BEIJING, Mar 16, 2001 (AsiaPort via COMTEX) -- Lycos Asia, one of the largest Internet networks in Aisa, announced Thursday the completion of the acquisition of MyRice.com, an Internet portal in China.
The merger was reported to be the first domestic Internet portal that has been taken over by foreign investors.
"The completion of the acquisition will contribute to enhance our position as a leading Pan-Asian Internet portal," said Mary Ong, chief executive officer of Lycos Asia.
"As a result, it brings to us a wealth of Chinese content that we are able to use and capitalize on throughout our Lycos Asia Network," she added.In a ...