Three months after saying it would shutter its #MSNChina web portal, #Microsoft Corp. has decided instead to sell the business to a Chinese entity run by a former general manager at Microsoft Online. Microsoft MSFT, -0.74% said Tuesday that it entered into a “management buyout agreement” on Aug. 10 with #XiChuangTechnology (Beijing) Co. under which XiChuang would acquire Microsoft Online Network Communications Technology (Shanghai) Co. The companies didn’t disclose the terms of the deal but said that Anderson Liu, a former general manager of Microsoft Online, is the chief executive of XiChuang.
http://www.marketwatch.com/story/microsoft-to-sell-msn-china-to-xichuang-technology-2016-08-30
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