Littauer Technologies acquires AsiaNetCorp for $1.2 billion

In Asia''s biggest technology acquisition outside the telecoms industry, Korea''s Littauer Technologies has agreed to buy AsiaNetCorp for $1.2 billion in stock. Shareholders approved the deal yesterday.
July 12, 2000

Littauer Technologies, a Korean technology investment company, has agreed to acquire the internet company it founded, AsiaNetCorp, for $1.2 billion in stock. The move creates one of Asia's biggest technology holding companies.

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