(Bloomberg) -- Microsoft Corp. agreed to buy 0.8
percent of Sichuan Changhong Electric Co., China's second-biggest
television maker, in a project that can connect computers and
televisions to the Internet, the Chinese company said.
Microsoft will pay 94 million yuan ($12 million) for 15
million new Changhong shares at 6.27 yuan each, according to a
statement today by the Chinese company, based in southwestern
China's Mianyang city. Changhong shares soared to 9.93 yuan on
June 14 on the Shanghai Stock Exchange.
Read more at Bloomberg Emerging Markets News
percent of Sichuan Changhong Electric Co., China's second-biggest
television maker, in a project that can connect computers and
televisions to the Internet, the Chinese company said.
Microsoft will pay 94 million yuan ($12 million) for 15
million new Changhong shares at 6.27 yuan each, according to a
statement today by the Chinese company, based in southwestern
China's Mianyang city. Changhong shares soared to 9.93 yuan on
June 14 on the Shanghai Stock Exchange.
Read more at Bloomberg Emerging Markets News
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