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CBSi Acquisition Policy Targets Small Vertical Sites
CBS Corporation (NYSE:CBS) subsidiary CBS Interactive (CBSi) China Region President Wang Lu said the company will focus its acquisition strategy on small vertical websites, bianews.com reported November 3. CBSi has completed the acquisition of about 20 websites in the 5 years since its China branch was established, Wang said. Wang also voiced hopes that the company would revive its plans to get listed.
Reports in September said the company may spend up to $100 million to acquire an fashion clothing e-commerce site in the second half of 2009.
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