MSN To Part Ways With Joint Partner in Israel; Swaps Out Expedia For Orbitz on Travel

Microsoft-owned MSN is going to part ways with its JV partner Internet Gold in Israel, and will be running MSN Israel portal on its own from October this year, the two companies announced. IG is an Internet-related holding company in Israel, and has been MSN’s local partner since 2000…MSN Israel is 50.1 percent owned by the Internet Gold Group and 49.9 percent owned by Microsoft….now Microsoft will buy the 51.1 percent stake.

The two companies currently discussing the terms of separation/migration and possible future cooperation, and msn.co.il portal will continue to operate throughout the transition period. No clear reason was given for this separation, except to point out that in almost all of the 44 countries that MSN operates in, it is fully owned by Microsoft (NSDQ: MSFT). In 2007, MSN Israel accounted for less than 3 percent of Internet Gold

loading

Comments have been disabled for this post