Sina to buy assets from Focus Media
By Wang Xing | China Daily | Updated: 2008-12-23 07:51
|
A man watches a Focus Media advertisement screen in Nanjing. Sha Lang |
China's largest portal website Sina Corp yesterday announced that it would acquire outdoor digital advertising business from Focus Media in a deal that may be worth over $1.3 billion, allowing it to become one of China's biggest advertising conglomerates.
Photo
