Top Biz News

Bus Online denies report

(China Daily)
Updated: 2010-02-10 09:30

A top official from Bus Online Holdings yesterday denied media reports that a consortium led by Walt Disney was in talks to buy a stake in it.

Related readings:  Disney, Google eye stake in China bus media firm

Reuters reported on Monday that a Disney-led consortium was in talks to buy 30 or 40 percent of Bus Online for more than $100 million through a purchase of old and new shares in private placements.

"It (the news) is absurd. We neither have any financing plans nor have we been contacted by any multinational firms for strategic cooperation," said Chen Yue.

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