Three years after paying $225 million to buy online ad company Allyes, Chinese ad firm Focus Media is selling a majority stake in the company, which bills itself as China’s “largest online media service provider,” to PE firm Silver Lake. Silver Lake is paying $124 million...
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In a hit to both Microsoft (NSDQ: MSFT) and major shareholder Yahoo (NSDQ: YHOO), Yahoo Japan says it will use Google (NSDQ: GOOG) to power search on its site. In passing over Microsoft, Yahoo Japan CEO Masahiro Inoue said the company’s search technology was not “sufficiently strong enough...
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Russia’s leading social network saw net profit grow nearly 10x last year, partly on growth in display ad sales, though it’s still pulling far less than western counterparts.
Odnoklassniki, the Facebook-like classmates site created in 2006, more than doubled revenue to 1.54 billion rubles ($48.6 million) from 2008, leading to 9.4 times higher...
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Sir Martin Sorrell regularly identifies the two big growth opportunities as being digital and the BRIC countries.
So it’s no surprise WPP is making another acquisition in both of those spaces.
Through WPP Digital, it’s taking a minority stake in Leading Smart Holdings, which itself has a controlling stake in the parent company...
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It was only last week we were talking about how the DST-Naspers-Tencent nexus is driving online media investment in Russia, China, eastern Europe and, increasingly, the Valley. Now there’s some further investment activity between two of the three…
China’s Ministry Of Information has renewed Google’s license to operate in the country - but only after the search engine agreed to no longer automatically redirect users to its uncensored Hong Kong site.
Digital Sky Technologies, Naspers and Tencent are amongst the hottest digital media investment actors in Russia, South Africa and China.
And now they’re moving in on western markets, starting with eastern Europe and including stakes in Facebook, Zynga and Groupon.
France Telecom (NYSE: FTE) is looking for buyers for its Orange-branded IPTV channels, and News Corp (NSDQ: NWS) is among the companies said to be potential buyers.
Orange operates the most successful IPTV service in a country that is the world leader in IPTV adoption - some 2.9 million customers.
Marketwire, the PR distribution service, has acquired Sysomos, a public relations company that specializes in social media analytics. Terms weren’t disclosed, according to Startup North, which first reported the purchase.
Google (NSDQ: GOOG), which has been redirecting Google China visitors to its search page in Hong Kong for three months now in order to avoid censoring its results, is trying a new strategy. The company says it can no longer automatically redirect Google.cn users to...
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