Taiwan market: Cite Publishers obtains 90% stake in blogging/photo site Pixnet
Monica Chen, Taipei; Adam Hwang, DIGITIMES

Cite Publishers at a March 20 press conference announced that it will invest NT$108 million (US$3.25 million) to acquire a 90% stake in Pixnet Digital Media, operator of the famous Web 2.0-based blogging/photo community website Pixnet in Taiwan.

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