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Focus Media Targets Four Online Media
March 20, 2007 |
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| Category: Business
Local media reports that Focus Media will soon begin another round of acquisitions with the purchase of four Internet companies.
According to the reports, Focus Media has turned its eyes to the four online media companies, two of which are located in Shenzhen, one in Beijing and another in Zhengzhou in Henan Province. Focus Media has reportedly chosen them because each has a leading position in their respective sectors and has made remarkable achievements in wireless value-added services.
Focus Media may pay the four companies in three schedules. The first schedule will be done in cash and the remaining two schedules done according to the target company's performance.
Earlier this year, Focus Media acquired Allyes, a Shanghai-based online advertisement and marketing solution provider for US$225 million.
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