InfoAnda - China's Sina to buy large part of digital ad giant's business

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Telekom Malaysia to bid for EPL broadcast rights | 5 April 2009
David Spade looks to life beyond 'Rules of Engagement' | | 8 September 2012
Corey Haim dies of overdose in Los Angeles | | 11 March 2010

Japan PM: decisive forex steps despite criticism | 16 September 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : China's Sina to buy large part of digital ad giant's business

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: China's Sina to buy large part of digital ad giant's business AFP - 2 hours 57 minutes ago SHANGHAI (AFP) - - Popular Chinese web portal operator Sina Corp has agreed to buy a large part of advertising giant Focus Media for more than a billion dollars in stock, the two companies said. Under the deal Focus, China's largest outdoor digital advertising firm, will sell Sina its core operations including flat-panel networks that play ads in elevators and in-store assets. The deal, expected to be completed in the first half of 2009, is intended to "combine the forces of two of the most powerful new media advertising platforms in China," Charles Chao, chief executive of Sina, said in a statement. The companies, which are listed on the US Nasdaq index, announced the deal late Monday. Shanghai-based Sina generates the majority of its revenues from online advertising and mobile value-added services and has been expanding steadily due to a growing Internet population in China. Recent statistics suggest China overtook the United States in the number of web users earlier this year, and is expected to have 280 million by the end of the year. The statement said Sina will issue 47 million new shares to Focus Media in return for the assets. The shares will be valued at around 1.4 billion dollars based on Sina's closing share price of 29.24 dollars on Friday. The assets to be acquired by Sina accounted for 52 percent of Focus Media's revenues and 73 percent of its gross profits for the first nine months of the year, according to the statement. However, despite the synergy from cross-selling following the deal, some analysts argued the idea of "media conglomerate" has not worked well in China. Focus Media's "original plan of cross-selling between Internet, in-store, and elevator lobby business has not shown much success," Dick Wei, an analyst with JPMorgan, said in a research note. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Asian stocks slump as China rate cut disappointsAP - 2 hours 39 minutes ago China's Sina to buy large part of digital ad giant's businessAFP - 2 hours 57 minutes ago TOPWRAP 1-U.S. sells record debt, China rate cut disappointsReuters - Tuesday, December 23 SKorean shipyards and builders face forced restructuringAFP - Tuesday, December 23 Related Articles: Business BRIEF-Generali does not rule out future capital hikeReuters - 36 minutes ago India Reliance leases Vopak oil storage in SingaporeReuters - 37 minutes ago China stocks sink on rate cut disappointmentReuters - 37 minutes ago India has scope for more monetary easing-fin ministryReuters - 39 minutes ago Seoul shares drop 3 pct; carmakers slide on outlookReuters - 46 minutes ago Enlarge Photo China's Sina to buy large part of digital ad giant's business Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed OECD forecast deepens gloom as world stocks slip Quake zone hero pig named China's animal of the year Tata gives Jaguar cash boost pending bail-out decision: FT Actress Jennifer Aniston appears naked in GQ magazine New Year's hangover? Take two eels and call me in the morning View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Tuesday, 23 December 2008
Karzai presses top US military leader
Sri Lanka says 67 killed in northern fighting
Internet economy could shrink in 2009: OECD
Singaporean woman in custody in Philippines for links to alleged baby trafficking
Turkmenistan issues parliamentary election results
India gives Pakistan surviving gunman's letter
Suspected US missiles kill 8 in northwest Pakistan
Foreign Affairs Minister George Yeo congratulates new Thai counterpart
Juergen Flimm to manage Berlin opera
Cabbie helps police arrest convenience store robber
Robert Mulligan, director of `Mockingbird,' dies
India gives Pakistan Mumbai gunman's letter
MOM’s survey shows more employers providing family—friendly benefits
Hamas signals thaw; Israel sets up Gaza offensive
Kirsten Dunst granted restraining order
Review: `Marley & Me' yanks at heartstrings
Review: Cruise distractingly bad in `Valkyrie'
More than 100 killed in S.Lanka fighting: Tigers
Thai king calls for peace after political turmoil
FIDReC expands resources to handle expected increase in complaints
Yachting: Telefonica Blue team first to reach Singapore in Volvo Ocean race
Suspected US missiles kill 8 in northwest Pakistan
Review: Sandler's `Bedtime Stories' feeling tired
HDB to offer 4,000 smaller flats over the next two years
Game news: Rockin' around the Christmas tree
Ministry of Home Affairs to hold biggest recruitment drive
UN extends protection for Iraqi assets
Decapitated soldiers new blow to Mexico in drug war | International |
Unisys cuts 1,300 jobs, suspends raises
Georgia furious as OSCE observer mission scrapped
Israelis unearth Byzantine gold hoard
Doctors aid group lists top 10 humanitarian crises | International |
Colorado newspaper employees go online with survival plea
World stocks mostly drop in pre-Christmas trading
Bomb scare on Athens-Moscow flight
Iraqi PM: Shoe-thrower blames throat-slitter
China quake ruins cleared, but school anger unbowed | International |
OECD forecast deepens gloom as world stocks slip
Two Chinese giant pandas head for Taiwan
Fate of British troops in Iraq in doubt after vote derailed
Suspected U.S. drones kill 7 in Pakistan: agents | International |
Iraq MPs delay vote on foreign troops
Colombia rebuffs foreign help in hostage release | International |
Russia denies delivering S-300 missiles to Iran
Polar bear Knut opts for meat over intruder | International |
South Africa should cut off Zimbabwe electricity: Australian ex-PM
Sudan man accused of aiding Darfur war crime court | International |
US warns Russia against selling missiles to Iran
Singapore Hot Stocks-CapitaLand, Keppel, Ascendas India in focus
Mobile teleconsulting can evaluate stroke patients | Technology |
Toyota projects first loss in 70 years
US military buildup in Afghanistan taking form
MOVES-Pioneer Investments, Baker & Hostetler, FBR
Will Ferrell site, Funny Or Die, raises $3 million | Technology |
Seoul shares open down, led by Hynix Semiconductor
Japan emperor turns 75, pledges to care for family
Warner Music pulls videos from YouTube | Technology |
Toyota projects first loss in 70 years
China seeks WTO probe of US taxes on Chinese goods
Alleged arms dealer tries to evade handover to US
India awards oil and gas exploration rights
Chinese Internet porn sensation detained by police | Technology |
India FM: We will act on Mumbai if Pakistan won't
Alleged arms smuggler Bout testifies in Thailand
Tourism to Goa takes beating after Mumbai attacks
Aniston and Wilson explore marriage in Marley & Me | Entertainment |
Samantha Ronson recuperates from brief hospital stay | Entertainment |
Will Ferrell site, Funny Or Die, raises $3 million | Entertainment |
Recession -- the ultimate aphrodisiac
Obama invites poet Elizabeth Alexander to read at his inauguration
Berlin State Opera taps Flimm as artistic director
Grosses tumble at a Piven-less 'Speed-the-Plow'
David Spade helps Phoenix police buy rifles
Fans say yea as Carrey's `Yes Man' opens to $18.3M
Celebrities share adoption stories for TV special
Concert industry posts record year despite economy
`Titanic' duo DiCaprio and Winslet sail again
Review: `Button' dazzles visually, emotionally
'Sopranos' actor cleared of murder in NYPD death
Indonesian booze shortage halts Christmas fun
Fiji drops threat to expel New Zealand ambassador
GLOBAL MARKETS-Asia stocks drop for 3rd day as 2008 winds down
Behind the YouTube, Warner divorce
In central Jakarta, ruins of Indonesia's colonial past
Report: US asks SKorea to move troops to Afghan
US wants SKorea troops in Afghanistan: report
U.S. military chief urges India, Pakistan work together | International |
Chai and combat: French train Afghan army at frontline
Georgia in secret talks on restoring Russia ties: report
Olmert in Turkey for indirect Israel-Syria peace talks
Cuba's Raul Castro welcomes visiting Russian naval ships
Weak sales could topple US carmakers despite bailout
Veteran Guinea President Conte dies | International |
Earthly organisms developed in two sets of fits and starts: study
Drug gang violence surges in Honduras: study | International |
Investigators probe Denver jet accident
Males dominated 'out-of-Africa' migration 60,000 years ago
Japan emperor turns 75, frets over economy, health | International |
East Timor seen still on brink of anarchy | International |
Mauritanian president's release 'falls far short' of demands: US
Song and dance as China pandas take off for Taiwan | International |
China ready to use force on Somali pirates
Steinberg to be named deputy secretary of state
Road diversion trial at Woodlands Centre Road to be extended
Seoul shares drop 3 pct; carmakers slide on outlook
Investigators probe airplane's Denver runway skid
Fiji expels New Zealand ambassador
Taiwan auctions 10-yr bonds, yield below forecasts
China pandas lift off for Taiwan
Seoul shares fall 3 pct led by carmakers, Hynix
US has assurances from Iraq on Iranian rebels: official
China to make millions more eligible for poor relief: report
Toyota to replace president amid business slump: report
India says 3G entrants to also get 2G spectrum | Technology |
Two soldiers, 15 militants killed in Pakistan's Swat valley
US military deaths in Iraq war at 4,212
China's Sina to buy large part of digital ad giant's business
China's goodwill pandas lift off for Taiwan
NZ dollar steady as weak GDP data meets forecasts
Prominent writers call for release of Chinese activist
SKorean shipyards and builders face forced restructuring
Australia admits errors made in Indian 'terror' doctor case
Michael Jackson camp denies health problems | Entertainment |
Macau's Venetian sacks further 500 staff as credit crunch bites
Malaysia Islamic party revives contentious plan
Seoul shares extend decline on Hynix, automakers
Taiwan dlr falls to 1-wk low on c.bank move, jobs
Chow drops out as director of 'Green Hornet'
Saudis indulge long banned passion for silver screen
Italian army cannot defeat Mafia, says 'Gomorrah' director
Actors guild delays vote on strike authorization
Chow drops out as director of 'Green Hornet'
Paolini, Pullman with books coming to iPhones
Court agrees to pay Spears' father $75/hour
Capsule reviews of `Valkyrie' and other films
China earthquake parents sue over school collapse
Japan emperor turns 75
Asia couchsurfers travel cheap, face culture clash
Hollywood actors' union postpones strike vote
Chinese hackers to face up to seven years in jail: report
Seeking Happiness as a street artist in China
Chinese official under fire for lavish lifestyle
Accused Mumbai gunman requests Pakistan's help
Karzai attends memorial for 3 killed in US raid
Fiji and New Zealand trade diplomatic expulsions
S’pore woman in Philippines out of jail, pending further investigations
China to consider building aircraft carrier
Temporary viaduct in CBD to open to traffic on Sunday
3 Bangladesh militants to die for attack on envoy
Karzai attends memorial for 3 killed in US raid
Detained Iraqi security officials released on bail
Taliban's Omar rejects reports of peace formula | International |
British economy shrinks sharply in third quarter
Seven Russian tourists dead in Egypt coach crash
New Russian sea-based missile fails again in test: report
Heartbreak for Gambhir as Ind-Eng Test drawn
Hamas says may extend Gaza truce
Iraq political row threatens British troop vote | International |
Tremont hedge 'loses $3.3 bln in Madoff scandal'
Five Iraqi police killed in bombing
Mugabe dismisses U.S. stand on power-sharing pact | International |
Russian strategic missile test fails: report | International |
Army captain launches coup in Guinea after president's death
Russia demands changed mandate for OSCE in Georgia | International |
Decapitated soldiers new blow to Mexico in drug war | International |
Up to 6,000 child soldiers recruited in Darfur: U.N. | International |
Obama report due on Senate seat scandal
Indian PM: 'Nobody wants war' after terror attack
Hillary Clinton plans a more powerful State Dept: NY Times
Singapore Flyer grounded to a halt due to technical fault
China urges US to prevent trade protectionism
Indian leader: Nobody wants war
D.Telekom, Vodafone combine to expand German VDSL | Technology |
Taiwan Nov export orders slump, signal harsh slowdown
Police say they foiled attack in Indian Kashmir
Taiwan plans to issue T$110 bln govt bonds in Q1
Indonesia sees drop in tourism spending next year
China calls for return of Guantanamo Bay inmates
SKorean portals indicted over online piracy case
Philippines names 3 to panel for rebel peace talks
Hong Stock index drops 2.8 percent
Chinese court backs local firm in cellphone suit
Gas states meet in Russia amid 'gas OPEC' fears
Gas states meet in Russia amid 'gas OPEC' fears
Divided U.S. actors union delays strike vote | Entertainment |
Rare rhino calves found in Indonesian jungle
Taiwan shares slump on jobless news
Aniston and Wilson explore marriage in Marley & Me | Entertainment |
China's Shanghai stock index falls 4.6 pct
Foreign-language Oscar a magnet for controversy | Entertainment |
Fred Thompson lands daily radio show | Entertainment |
Beijing to build a Chinese Broadway: report | Entertainment |
Warner Bros. skips China release for 'Dark Knight'
Hollywood actors' union postpones strike vote
Warner Bros. skips China release for 'Dark Knight'
Annie Yi displays professionalism on stage but declines media interviews
Wu Jing: I respect all forms of martial art
Facebook users garner support for Chew Chor Meng
YES 933 DJ Christina Lim debuts in tele-movie
Rights group: Sri Lanka hampers aid to displaced
American Samoa letter sent to Honolulu for testing
Nepal media protest against Maoist union attack
Australia's anti-terror laws to be reviewed
Global minimum and maximum temperatures
Fiji and New Zealand trade diplomatic expulsions
Scholars, lawyers call for release of China critic
India flirts with military response to Mumbai attacks
Nepal media protest attack by ex-rebels
Malaysian activists call off nude protest
Documents offer look at big tobacco's tactics
Chinese city apologizes again for water pipes
Police say they foiled attack in Indian Kashmir
Builders must be licensed by June 2009 to carry out building works
Companies still partying on at year—end but on smaller budgets
HDB calls for tender for wet market at Sengkang Square
NKorean general threatens SKorea amid tensions
Bank of America denies China pressured it to drop bank stake sale
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01