AUSTRALIA'S TELSTRA BUYS CHINA WEBSITE CO SOUFUN FOR US$254 MLN.
Publication: AsiaPulse News
Publication Date: 31-AUG-06
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SYDNEY, Aug 31 Asia Pulse - Australian telecommunications giant Telstra (ASX:TLS) has acquired a 51 per cent controlling stake in Chinese real-estate and home furnishing and improvement website company SouFun Holdings Ltd for a cash consideration of US$254 million.
Telstra chief executive Sol Trujillo said the acquisition provides growth...
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