Silver Lake to buy Allyes from China's Focus Media
Global PE firm Silver Lake is set to take a 62% stake in digital ad service Allyes Online Media Holdings Ltd. in a $124 million deal that sees power for the company transfer from China’s Focus Media Holding Ltd., which fully purchased Allyes in 2007.
Silver Lake is to take indirect equity ownership of Allyes and its consolidated subsidiaries and affiliates. According to the agreement, some of Allyes' remaining shareholders also agreed to sell their...
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