China Business News: VisionChina Media buys DMG for US$160 mln

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VisionChina Media buys DMG for US$160 mln

Oct. 16, 2009 (China Knowledge) - VisionChina Media Inc<VISN>, one of China's largest mass transportation mobile television advertising companies, announced on Thursday that it had entered into an agreement with Digital Media Group to acquire the latter for US$160 million. VisionChina is paying the consideration in cash and shares in three installments over two year, and the first installme

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