mercredi 9 novembre 2011

China news....

Alibaba Group Holding Ltd and Japan's Softbank Corp are in talks with private equity funds about bidding for all of Yahoo! Inc (NASDAQ: YHOO), Bloomberg reported, citing people with knowledge of the matter. Alibaba and Softbank, in an effort to buy back stakes owned by Yahoo, have grown impatient with a lack of progress in direct talks with the company, said the unnamed people. Yahoo prefers to sell a smaller stake rather than cede complete control, the people said.
Little Sheep Group Ltd (HKG: 0968), China's largest hotpot restaurant chain, said the Ministry of Commerce has given the go-ahead to Yum! Brands Inc's (NYSE: YUM) takeover of it after over four months of antimonopoly review. Yum agreed in May to acquire Little Sheep for $587 million. http://gerrypizza.blogspot.com/2011/10/exemple.html
Tingyi Holding Corp (HKG: 0322), China's biggest instant noodle and tea drink maker, swapped a 5% stake in its beverage subsidiary for PepsiCo Inc's (NYSE: PEP) bottling business in China, letting Tingyi, also known as Master Kong, capitalize on its advantage in distribution channels in China to sell PepsiCo's drinks in the country. Distribution channels in China are a disadvantage for international beverage makers including PepsiCo and Coca-Cola (NYSE: KO).

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