Focus Media Technology Co., Ltd. acquired Focus Information Technology Co., Ltd. from Focus Media Holding Ltd. for CNY 1.1 billion.
September 01, 2015 at 12:00 am EDT
Focus Media Technology (Shanghai) Co., Ltd. agreed to acquire Focus (China) Information Technology Co., Ltd. from Focus Media (China) Holding Ltd. for CNY 1.1 billion on February 28, 2015. The deal is approved by Focus Media (China) Holding Ltd. The Shanghai Zhangjiang Hi-Tech Park Management Committee approved the transaction on April 8, 2015.
Focus Media Technology (Shanghai) Co., Ltd. completed the acquisition of Focus (China) Information Technology Co., Ltd. from Focus Media (China) Holding Ltd. on April 14, 2015.