Focus Media receives $3.5b buyout offer from PE players
US-listed Focus Media has received a $3.5 billion offer from its chief executive and a group of private equity giants to take the company private. If the deal goes through, the leveraged buyout could be China's largest, and Focus Media could be the largest Chinese company to be delisted from a US stock exchange.
The bidders - CEO Jason Jiang, The Carlyle Group, FountainVest Partners, CITIC Capital Partners, CDH Investments and China Everbright - have made a non-binding offer of $27 for each American depositary...
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