China Business News: Sina's acquisition of Focus Media may fail

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Latest News :2010.02.09 Search News Or

Sina's acquisition of Focus Media may fail

Jul. 20, 2009 (China Knowledge) - Web portal operator Sina Corp<SINA>may be blocked from acquiring Focus Media<FMCN>, a leading outdoor advertising firm, due to anti-monopoly concerns, Reuters reported. China's Ministry of Commerce is saying the application for the merger is incomplete and that the proposed deal fails to meet the standards set out in China's anti-monopoly act. In Fe

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