Focus Media to Acquire Chinese Mobile Ad Firm Dotad For $30 Million
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Focus Media, one of the biggest media hlding groups in China, is buying Dotad Media, a mobile advertising service provider in China. Headquartered in Beijing, Dotad owns and operates the largest WAP-based ad delivery platform in China through China Mobile and China Unicom’s mobile networks.
The sale price: $30 million of which half is in cash and rest is in shares.
Posted In: Advertising, Money, M&A & Venture Capital, Countries, Asia, China
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