Sina-Focus Media Deal Collapses

September 28, 2009 at 2:00 pm PT

Chinese Web portal and mobile phone content provider Sina’s (SINA) deal to acquire the billboard operations in China of Focus Media Holding (FMCN) has collapsed today, almost ten months after it was first announced. The deal had been a thorn in Sina’s side since it was announced on December 22 last year, and has been the subject of intense scrutiny among sell-side analysts in the past week. Focus Media shares rose 20 percent from Monday to Friday last week on expectations that terms would be restructured to allow the sale to go ahead.

Read the rest of this post on the original site

Tagged with: acquisition, Barrons, Billboard, China, collapse, content, digital, Focus Media Holding, frontpage, portal, Sina, Tech Trader Daily, Tiernan Ray

comments so far. Add yours.

Must-Reads from other Web sites

“You Get on the Internet and Pretty Soon You’re Drunk”: The Orthodox at Citi Field

Sean Patrick Cooper, Contributor, The Awl

Meet the Tireless Entrepreneur Who Squatted at AOL

Daniel Terdiman, Senior Writer, CNET

Mark Zuckerberg’s Unpleasant New Life

Felix Salmon, Finance Blogger, Reuters

Anyone Can Do It. Data Journalism Is the New Punk.

Simon Rogers, News editor, The Guardian

Fashion World Mulls Facebook IPO’s Impact

Rachel Strugatz, Editor, Women’s Wear Daily

The Unabomber’s Pen Pal

Jeffrey R. Young, Senior Editor, Chronicle of Higher Education

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Web Sites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other Web sites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Voices is edited by Beth Callaghan.