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Jul 1, 2008 6:39 PM
Chinese online games publisher Giant Interactive (NYSE: GA) is acquiring about 25 percent stake in Five One Network Development (51.com), a Chinese online social networking service provider, for approximately $51 million. Rumors to this effect had been circulating for a while now. Founded in 2005, 51.com claims to be the…
Posted In: Money, M&A & Venture Capital, Venture Capital, Social Media, Countries, Asia, China, 51.com, giant interactive
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