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Sina and Focus seal US$1.3b ad deal

by James Callan

SINA Corp, the operator of China's biggest Web portal, agreed to buy Focus Media Holding Ltd's digital out-of-home advertising networks for about US$1.3 billion in stock to expand beyond the Internet. The purchase...

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<p><a href="http://www.shanghaidaily.com/sp/article/2008/200812/20081223/article_385543.htm"> Sina and Focus seal US$1.3b ad deal </a> by -- SINA Corp, the operator of China's biggest Web portal, agreed to buy Focus Media Holding Ltd's digital out-of-home advertising networks for about US$1.3 billion in stock to expand beyond the Internet. The purchase... </p>