Business Activities News
- Focus Media eyeing four Web firms
Date: 21-Mar-2007 Sources: (Shenzhen Daily)
CHINESE advertising company Focus Media Holding Ltd. is considering acquiring four Internet firms to bolster its fledgling online business, an official newspaper reported Monday.
Shanghai-based Focus Media is already discussing acquisition terms with the four companies, the China Securities Journal said, quoting 'authoritative?sources, and is mainly eyeing short messaging and wireless value-added services. Two of the targets are based in Shenzhen, one in Beijing and another in Zhengzhou, the paper said. The last two firms are subsidiaries of the same company.
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