Chief Executive Rupert Murdock announced his company was finalizing an agreement with several partners led by powerful private equity firm International Data Group (IDG), to launch a localized version of the popular MySpace.com. in China.

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"You have to understand that the timeline for European legislation is very long, and the market has moved on faster than the commission can act, " Susen Sarkar, senior analyst at Yankee Group Europe, told IDG.

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But two sources close to the matter told IDG News Service that 3Com has already begun talks with the WAP Forum, an industry group formed to promote the technology.

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