Focus Media to Acquire Net Ad Firm
BUSINESSCHINA 14 FRIDAY MARCH 2, 2007 CHINA DAILY INBRIEF BEIJING Focus Media Investment may slow China’s overall fi xed-asset investment growth may slow to 22 percent in 2007 from to acquire last year’s 24 percent as government curbs on land and lending continue, the Ministry of Land and Resources said, Net ad fi rm citing a researcher. Spending on property and factories by local govern- ments, which accounted for $300m cash-and-stock deal more than 88 percent of the total in 2006, may deceler- with Allyes likely this month ate further this year as the central government maintains By Wang Xing eCapital Corporation, said the measures, Wang Yuanjing, Focus Media’s aggressive a researcher at the National acquisitions stem from the Development and Reform China’s largest outdoor media company’s increasing concern Commission, was quoted as group, Focus Media, yesterday over its over-reliance on a single saying in a statement on the said it will acquire Internet ad- revenue source. land ministry’s website. vertising service company Al- Focus Media’s latest report, lyes Information Technology for released on Monday, said com- Mexico joins WTO claim $300 million in cash and stock mercial locations contributed Mexico has joined the in an effort to forge an empire 63 percent of the company’s United States and Japan in a covering outdoor, indoor, mobile revenue in 2006 while revenue complaint to the World Trade and Internet advertising. from in-store network, in-eleva- Organization (WTO) over Under the terms of the deal, tor and cellphone advertising the Chinese government’s which is expected to come accounted for 12.7 percent, 19.1 alleged payment of subsidies through this month, Focus and 4.6 percent respectively.
[Show full text]