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Focus Media Acquires Chinese Digital Advertising Network Operator

Aggregated Source: ChinaRetailNews.com
December 18, 2007|

Focus Media will acquire CGEN Digital Media Company Limited, an operator of an in-store digital advertising network in China. Under the agreement, Focus Media will acquire 100% of the equity of CGEN for US$168.4 million in cash, and an additional payment of up to US$181.6 million, part in cash and part in Focus Media ordinary shares [...]

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