% | $
Quotes you view appear here for quick access.

Focus Media Holding Ltd. Message Board

  • real1614 real1614 Mar 19, 2009 7:51 AM Flag

    Deal will close before 30 april 09



    This topic is deleted.
    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • no clear info shows the counter-monopoly investigation could pass.
      pay attention to fmcn price after 23,apr.

      • 1 Reply to xujj0101
      • People has been questioning the synergy of the acquisition and doubt if 1=1 > 2. SINA CEO, on one hand does not deny the integration/synergy effect, on the other hand he does not appear to be too high profile about it. In my view, it has to do with the pending approval by Ministry of Commerce - he does not want the officials to turn it down for anti-monopoly reason. The media industry has already positioned the new SINA to become the 2nd largest player in the industry who may pose threat to CCTV (the state-own enterprise). We should give credit to SINA management in handling this sensitive issue. Afterall, I believe the deal will go through, let's be patient. I am not sure how accurate is the Apr. 30 closing date, but we definitely like to see it happen earlier than later.

    • About the purchase minute numerous media core property's question, Sina estimated will accept applies for in 30 days through the counter-monopoly investigation. Estimated this transaction before April 30 is authorized.

      heyyyy great news!