Private equity buyer for Chinese online advertising business

    August 12, 2010 | BY

    clpstaff &clp articles

    PRC-based digital media giant Focus Media Holdings (Focus Media) has sold a majority interest in Allyes Online Media Holdings (Allyes) to private equity…

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    PRC-based digital media giant Focus Media Holdings (Focus Media) has sold a majority interest in Allyes Online Media Holdings (Allyes) to private equity firm Silver Lake for US$124 million. Allyes