In what marks a new trend of tech MA, Asiainfo has bought a stake in Intrinsic Technologies.
The deal is interesting on several scores. Not only is it a deal between two Shanghai-based companies, it also marks a trend of a bigger, listed entity buying into a company with some proprietary technology which has the potential to be sold globally.
Asiainfo which was advised by CSFB has bought an undisclosed stake in Intrinsic for $8.2 million, with a two year option to buy up to 51% at valuations that increase over time. Intrinsic has been advised by Goldman Sachs.
This structure will allow Asiainfo to see whether the technology becomes as profitable as...