Yahoo! Ventures Further Down Under
Renai LeMay writes in C|Net News:
Seven Network and Yahoo will combine their online, mobile and Internet Protocol TV businesses in a new joint venture spanning Australia and New Zealand.
The broadcaster and the Internet powerhouse will form a new 50-50 holding company that will own Yahoo Australia and New Zealand, according to a joint statement released Friday. Both companies will combine their online teams to form a 150-person company that will launch with a new name and Web site on Jan. 30.
The agreement mirrors one between Nine Network and Microsoft, which in 1997 formed a similar alliance to create Australia's most popular Web site, Ninemsn.com.au.
posted by Fergie @ 12/09/2005 11:30:00 AM
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