Focus Media to Acquire Chinese Mobile Ad Firm Dotad For $30 Million
By Rafat Ali - Tue 07 Mar 2006 01:04 PM PST
Focus Media, one of the biggest media hlding groups in China, is buying Dotad Media, a mobile advertising service provider in China. Headquartered in Beijing, Dotad owns and operates the largest WAP-based ad delivery platform in China through China Mobile and China Unicom’s mobile networks.
The sale price: $30 million of which half is in cash and rest is in shares.
Posted in: Mobile Adv & Mktg, Money, VC M&A, Asia, China
