Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Social Responsibility's Strategic Benefits
December 15, 11:30 AM - 12:30 PM US/Eastern (GMT-5)
Join Ed Granger-Happ, CIO of Save the Children, for a discussion of how creating an organization that is socially responsible improves staffing, retention, leadership development and overall corporate health.
Working With and Communicating to Your Board of Directors
January 13, 2009, 4:00 PM - 5:00 PM US/Eastern (GMT-5)
CIO panelists who will share tips and experiences working with their boards: Twila Day of SYSCO; Jeff O'Hare, West Corp.; Marc West, formerly with H&R Block.
IT's Role in Growing Mid-Market Companies
January 14, 4:00 PM - 5:00 PM ET (GMT-5)
Mid-market Council members will share their companies' stories and challenges in driving or coping with growth. Panelists represent Veterinary Pet Insurance, Medicis Pharmaceutical, and Intrax Cultural Exchange.
Learn more about the CIO Executive Council »
Apply today for a FREE subscription to CIO Magazine!
September 01, 2006 — CIO —
Telstra paid US$254 million for a controlling stake in SouFun Holdings Limited, which runs one of China’s largest real-estate and home improvement websites, the company said Thursday.
Telstra, Australia’s largest telecommunications company, now owns a 51 percent stake in SouFun, and plans to use the acquisition to beef up its advertising business in China. SouFun makes money by selling advertising on its website. Telstra’s advertising arm, Sensis, will help manage SouFun going forward, the companies said in a joint statement.
The deal is also part of a broader plan by Telstra to expand its Sensis business beyond Australia and carry its intellectual property and management expertise to new areas, the company said.
The founder and chief executive officer of SouFun, Vincent Mo, will remain in charge at the website and retain his 30.9 percent share of the company. SouFun’s management team will remain in place after the deal, the companies said.
SouFun, which is already cash flow positive, is expected to post revenue of A$52 million (US$39.7 million) in 2007, with a profit of A$18 million after excluding income tax, depreciation and amortization, according to the companies.
IDG News Service is a member of the IDG group of companies, which includes IDG Ventures, a US$1.4 billion venture capital fund that holds a 14.7 percent stake in SouFun.
SouFun can be found here.
-Dan Nystedt, IDG News Service (Taipei Bureau)
Check out our CIO News Alerts and Tech Informer pages for more updated news coverage.
© 2008 CXO Media Inc.
Akamai Helps Improve Web-Enabled SAP Performance
The Customer Communications Management Platform - Key Functionality and Best Practices
Business Process Utility: Accelerating Change Through Standardization
Ovum Navigator: Applications Outsourcing
Cognizanti
Cognizanti Issue 2
The customer relationship becomes more personal: A fresh look at the impact of customer intimacy
Thought Leadership: The Changing Face of Outsourcing
Raising the Bar on Business Service Delivery: Best Practices in Application Performance
Customer Hubs Deliver on the Failed Promises of CRM
Constructing Partnerships That Work
Grassroots Data Governance with SAP MDM
Resource Alerts
Get instant email notifications by topic when white papers, webcasts, and case studies are added to our library.
Forrester: How to Squeeze Your Vendors
Security, Civil Liberties Experts Question Data-Mining
Microsoft Tools Build Bridge Between OpenXML, Other Formats
Microsoft Market Share Slips: Pressure's On for Windows 7 and IE8
Shoppers Opened Their Wallets on Cyber Monday
Windows 7 Beta Slated for Mid-January Release
Entellium Files Bankruptcy, Intuit Eyeing Assets
Registrations Open for .Tel Domain
Nvidia Restates Its Interest in Mini-Laptops
Apple Antivirus Support Page Removed
Just the basics, please. Sometimes we all need a refresher or we need to make sure our team and our colleagues are all on the same page.
Over 25 tutorials on everything from business intelligence to virtualization.
- CIO|
- Computerworld|
- CSO|
- DEMO|
- Game Pro|
- Games.net|
- IDG|
- IDG UK|
- IDG Connect|
- IDG Tech Network |
- IDG World Expo|
- Industry Standard|
- InfoWorld|
- ITworld|
- JavaWorld|
- LinuxWorld|
- MacUser|
- Macworld|
- Network World|
- PC World|
- Playlist|
- CIO UK|
- CIO Germany|
- CIO China|
- CIO Sweden|
- CIO Australia|
- Other CIO Sites
