Sina/Focus Media Merger Scrapped
Tuesday, September 29th, 2009Because of the Chinese government’s decision to reject the merger, the proposed purchase of the Digital Out-of-Home assets of Focus Media Holdings, Ltd. by Sina Corporation has been scraped. Sina operates China’s largest web portal. In statement released Monday, Sina CEO Charles Chao said, “The delayed consummation of the transaction has negatively impacted the business [...]


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