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Goldman Sachs, Morgan Stanley to invest $50 million Japanese Internet company

Published on .

New York--Goldman Sachs & Co. and Morgan Stanley Dean Witter & Co. will invest $50 million in Tokyo-based eAccess Ltd., which plans to provide Net access to consumers and small businesses in Japan, according to The Financial Times. eAccess was set up last November by Eric Gan, formerly a Goldman telecom analyst. This is the second major Japanese Internet investment Goldman Sachs has made in less than two months. In early January, it set up a $285 million venture capital fund to invest in Japanese technology companies.
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