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Message from discussion FMCN/SINA deal overhang
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turbo  
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 More options Jun 29, 11:47 am
From: turbo <steventruo...@gmail.com>
Date: Mon, 29 Jun 2009 08:47:19 -0700 (PDT)
Local: Mon, Jun 29 2009 11:47 am
Subject: Re: FMCN/SINA deal overhang
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They know nothing!!!

On Jun 29, 1:44 am, limuzhi <limu...@gmail.com> wrote:

> Focus Media (Nasdaq:FMCN) spokesman Ji Hairong said Tuesday that the
> merger between Focus Media and Sina (Nasdaq:SINA) is not as
> "optimistic" as expected, and that China's Ministry of Commerce has
> not yet formally accepted the case, reports The Beijing News.

> Even if the merger fails, the parties will maintain their good
> business cooperation, Ji said. Sina remarked to The Beijing News that
> that everything was still going through the channels.

> Sohu quoted an investment bank insider on June 23 as saying that the
> merger between Sina and Focus Media has broken down due to problems
> with the transaction process, rather than government hurdles.

> Reported by JLM Pacific


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