Latin Americans targeted!

By cnnfn.com

NEW YORK (CNNfn) - StarMedia, the Internet media company that targets Spanish and Portuguese speaking audiences, has received $36 million in investments from BellSouth, Primedia and JP Morgan Partners to create a multipurpose portal in Latin America.

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New York-based StarMedia(STRM: Research, Estimates)said that, through the deal, the company will create portals with BellSouth throughout the region.

Fernando Espuelas, president and chief executive officer of StarMedia, appeared on CNNfn's The N.E.W. Show to tell us more about its Latin invasion.

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