Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Focus Media to Complete "Going Private" Procedure

Tech2IPO, 12/19/12

According to a reliable industry source, Chinese out-of-home display advertising network operator Focus Media (Nasdaq: FMCN) will soon complete its "going private" transaction. The company will pay an average price of USD 30 per ADS, for a total cost of approximately USD 3.87 bln. The transaction will be completed within 1-2 weeks.

CDH investments, one of the original members of the "going private" group, has since dropped out of the transaction.

Editor's Note: For more background on this topic, please see "Focus Media Receives "Going Private" Proposal" MD 8/13/12 issue.

Keywords: delist Focus Media digital media television CDH Investments FMCN out-of-home display

« Prev Index Next »
Disclaimer

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Search

Search Marbridge Daily

Marbridge Reports

Baidu, Alibaba, Tencent, JD, & Xiaomi M&A Matrix - Q3 2018
Chinese Mobile Gaming Industry Matrix - Q3 2018