Focus Media Acquires
Leading Chinese Outdoor
Ad Company For $183m
17 Oct 2005
Focus Media Holdings Limited, which owns and operates one of the largest digital-signage advertising networks in China, has entered into a definitive agreement to acquire Infoachieve Limited, a BVI incorporated company, whose 100 percent-owned subsidiary Shanghai Framedia Advertising Development Ltd (“Framedia”) claims to be the largest community advertising network in China.