Terra Networks, Telefonica's internet arm, is in negotiations to buy a 50 per cent stake in Italian car manufacturer Fiat's portal Ciaoweb.
By Suzanna Kerridge, 21 November 2000 12:06
NEWS Ciaoweb, the leading Itailian portal, is in "advanced negotiations" with Terra, according to reports in Spanish paper El Pais. Fiat representatives were in Madrid for discussions with TerraNetwork president Joaquim Agut last week. A spokesperson for Terra refused to comment.
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