[photopress:IT_MSN_China_1.jpg,full,alignright]According to news on Tom.com, Shanghai United Investment has decided to withdraw from its MSN China joint venture company and is seeking a buyer for its 50% at MSN China. (Our picture is of the launch. Happier days.)
An unnamed source (how splendid that they exist internationally) has disclosed to local media that SUIC began to contact some buyers as early as a month ago because of the unclear business pattern of this joint venture company.
The source said if they can’t reach an agreement on the price, SUIC may give up the withdrawal plan.
Neither MSN China or SUIC has made any comment.
MSN China was set up in May 2005 by Microsoft and SUIC, and at the time was called a milestone event by Chen Yongzheng, CEO of Microsoft China.
Source: Jongo News