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September 27, 2006

eBay Inc to Acquire TenCent Holdings

posted by MR WAVETHEORY at 9/27/2006 03:05:00 AM
Sohu is reporting that eBay Inc will acquire Tencent Holdings (0700.HK) which operates the QQ Instant Messenger service, China's #1 instant messenging program. The report says that they are in a fifth round of negotiations. It seems there are many eBay rumors these days. eBay was reported to be in talks to sell its China operations, eBay China and Paypal, to Tom Online (Nasdaq TOMO) by Shanghai Daily.

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