Technology

Posted: Thurs., Dec. 26, 2002, 3:19pm PT

Brazilian portal stake in sale

Business Brief

Telecom Italia is negotiating the sale of its 30% stake in Globo.com, Brazil's third-ranked Internet portal, to founder Organiza-coes Globo.

Word is Globo will take back the shares in exchange for advertising in the group's media companies, such as leading broad-caster TV Globo.


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