Framedia (a)
Posted: 18 Sep 2008
Date Written: November 8, 2006
Abstract
SUBJECT AREAS: Antitrust laws, Consolidations, Emerging markets, Mergers & Acquisitions, Regulated industries, Valuation, Venture capital.
Examines an acquisition in the highly competitive new media advertising industry in China in late 2005. The transaction leads to eventual consolidation of the industry and a positive stock market reaction. Discusses valuation in the context of an M&A transaction in an emerging economy and the role of private equity and venture capital in the development and the eventual consolidation of the new media advertising industry. Provides a context in which to discuss antitrust regulation, or lack thereof, on an industrial organization in China.
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