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Tuesday, February 10, 2009

Another iTalkBB acquisition? not really

News has it that "the acquisition by Telecommunication Group Huge Group of 59% of the ordinary shares of iTalk has lapsed..."  

What?? another acquisition ?? Didn't 263 Network just invest over 100 million RMB in iTalkBB and get 50% stake in return? 

Well, it turns out there are confusingly too many iTalk's. The one referred above is "iTalk Cellular", which is different than the iTalk Global discussed in this blog, or the iTalk Apple phone, or the software iTalk Internet phone. How confusing!

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