Focus Media Gets USD 3.5 Billion Buyout Offer

Adrian J Cotterill, Editor-in-Chief

Reuters reported this morning (Mon Aug 13, 2012 10:01am EDT) that Chinese display-advertising provider Focus Media Holding Ltd (FMCN.O) said it received a bid to go private from a consortium that includes its Chief Executive Jason Nanchun Jiang and private equity firms Carlyle Group and CITIC Capital Partners.

Read the full story here.

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