Sina / Focus Media Merger
Friday, July 24th, 2009On December 22, 2008 Sina (SINA.NSADAQ) and Focus Media (FMCN.NSADAQ) reached a cooperation agreement and announced the merging of the two companies. Under the agreement, Sina will be allocating 47,000,000 shares of its common stock to Focus, to buy Focus building television, framework advertising and business-related assets such as in-store advertising. The whole transaction value […]
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