SCMP.com buys into StockHouse

SCMP.com, the internet arm of South China Morning Post, has bought a 5.45% stake in New York-based StockHouse Media Corporation. SCMP.com is investing through a mixture of cash and shares for its 5.45% stake in the $140 million company, valuing its stake at $7.63 million. Integral to the deal are agreements that SCMP.com will provide content for StockHouse Media CorporationÆs newly launched Hong Kong website, Stockhouse.com.hk. In turn, Stockhouse.com.hk has committed to buy advertis…