UPDATE 2-Australia’s Telstra buys China Web firm stake (Reuters Finance News, Australia via Yahoo!7 Finance)
UPDATE 2-Australia’s Telstra buys China Web firm stake (Reuters Finance News, Australia via Yahoo!7 Finance)
SYDNEY, Aug 31 (Reuters) - Australia’s Telstra Corp. Ltd. TLS.AX bought a 51 percent stake in SouFun Holdings, China’s top real estate and home furnishing Web site, for US$254 million in cash, saying it could lead to more deals in the world’s fourth-biggest economy.