Archive for March 29th, 2008

Microsoft’s Yahoo takeover attempt may encounter Chinese hurdle

Microsoft’s hostile-takeover attempt against Yahoo may encounter an unexpected hurdle in August after a Chinese anti-monopoly law that will extend the nation’s economic influence far beyond its borders takes effect.
The law, effective Aug. 1, is intended to strengthen antitrust regulations the Chinese established in 1993. It will make China a third sphere of regulatory influence, […]

Hackers hit Indonesian website after porn ban

Hackers in Indonesia protested a law banning online pornography by posting a picture of a bare chested male model on the Indonesian information ministry’s website.
“Congratulations on the law,” said a message above the picture, which was posted yesterday and taken down 11 hours later, said Sukemi, a spokesman for the Communication and Information Ministry.
Sukemi, who […]

Hong Kong business man doubles stake in Facebook

Social networking site Facebook has closed a second $US60 million investment round with Hong Kong billionaire Li Ka-shing through his foundation, a source familiar with the deal confirmed on Thursday.
The source said the deal, which boosts Li’s holdings in Facebook to $US120 million, including an earlier $US60 million round late last year, is valued on […]