Telstra, the Australia telecom and digital media giant, has bought 51 percent of SouFun Holdings, the Chinese Internet firm which operates a real estate listings and home furnishing website.  Telstra said Vincent Mo, SouFun founder and CEO will retain a 30.9 percent share while IDG China, the VC firm, will continue to hold a 14.7 percent stake and the remaining 3.4 percent will by held by existing management.
As part of the deal, the French group Trader Classified Media has sold its stake in SouFun to Telstra for about $100 million…Trader bought its 15 percent stake just a year ago for $22.5 million.