To: CGarcia who wrote (36072 ) 12/28/1999 8:52:00 PM From: Eski Respond to of 41369
AOL, NW CyberBase to Develop Internet Services, Paper Reports Hong Kong, Dec. 29 (Bloomberg) -- American Online Inc. is in talks with New World CyberBase Ltd., the Internet arm of New World Development Co., to develop Internet access and electronic commerce services, the Sing Tao Daily reported, citing unidentified market participants. The two companies have been in talks since the middle of the year and intend to set up a joint venture company, the paper said. New World Cyberbase is also in talks to buy a 50 percent stake of an unidentified U.S. hi-tech company, the paper said. New World Cyberbase said in a statement yesterday to the Stock Exchange of Hong Kong that it may form a joint venture or become a strategic investor in companies, which it didn't identify. (Sing Tao Daily, 12/29/99, Business p.15) Dec/28/1999 18:47 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.