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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.
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To: Jim Bishop who started this subject9/12/2000 1:10:51 AM
From: SSP  Read Replies (1) of 150070
 
Sohu.com <SOHU.O> to buy ChinaRen 

   BEIJING, Sept 12 (Reuters) - Chinese Internet portal Sohu.com
Inc <SOHU.O> has struck a deal to acquire rival Web company
ChinaRen, a source familiar with the deal said on Tuesday.
    The deal, which the source said will be announced this week,
would boost Nasdaq-listed Sohu's market share in mainland China
and increase pressure on its other competitors, such as Sina.com
<SINA.O> and Netease.com <NTES.O> to make their own mergers or
acquisitions.
    A Sohu spokeswoman and a top ChinaRen executive declined to
comment.
    Sohu's site, www.sohu.com, is a search engine and portal
modelled after U.S.-based giant Yahoo! Inc <YHOO.O>.
    ChinaRen -- www.chinaren.com -- is more narrowly focused,
drawing a high concentration of young Chinese university
graduates with whom the site's alumni chatrooms are a big hit.
    ((Beijing Newsroom +8610 6586-5566 ext 202, Fax +8610
8527-5258 beijing.newsroom@reuters.com))
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