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Focus on track to go private again in the second quarter PDF Print Write e-mail
Wednesday, 09 January 2013 18:58

Focus Media in-store digital signage networkChinese digital out-of-home giant Focus Media looks set to go private in the second quarter of this year after agreeing to a slightly modified version of an offer received last summer.

Network operator Focus will leave the U.S. NASDAQ market, where its shares are traded under the ticker symbol FMCN, after they are acquired by a consortium that includes chairman and CEO Jason Jiang as well as a group of investment firms such as The Carlyle Group and China’s Fosun International.

The composition of that group appears to have altered somewhat since the original offer was made.

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Digital out-of-home in China: Focus Media share price wilts despite $3.5bn buyout offer PDF Print Write e-mail
Monday, 03 September 2012 15:14

Focus Media in-store digital signageInvestors appear unimpressed by a consortium’s offer to pay $3.5bn for Chinese digital out-of-home operator Focus Media and remove it from the stock market.

The offer of $27 cash for each American depositary share substantially exceeds Focus’s stock price on the U.S. NASDAQ market, which closed at $24.05 on Friday.

However, that price has fallen steadily – albeit only slightly – since the offer was provisionally made in mid-August, suggesting that investors may not be convinced that the deal will complete.

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Digital signage suppliers: SmartScreen, TruMedia eye Middle East/Africa growth PDF Print Write e-mail
Thursday, 02 August 2012 17:25

First Community Bank, KenyaDigital signage suppliers are striving to cement their positions in the Middle East and Africa, widely seen as big untapped markets for the medium.

For example, Dubai-based SmartScreen has followed the recent extension of its petrol station forecourt network into Oman with a new bank contract in Kenya.

Working with local partner Screen Media and media sales house Brand Builder, it will install a digital out-of-home network in the 17-branch estate of First Community Bank (FCB).

The company will use technology from Britain’s Amscreen, for which it became exclusive Middle East and Africa distributor last year.

Said Abdullatif Essajee, managing director of the bank: “This deal is an exciting development, as FCB becomes the first bank in Kenya to utilise digital media to promote its unique offerings.”

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Digital out-of-home events: Speaker line-up finalised for entertainment conference PDF Print Write e-mail
Wednesday, 18 July 2012 17:13

LA Vortex Dome TheaterOrganisers of October’s DNA digital out-of-home entertainment conference in Los Angeles are taking the unusual step of splitting the event over two locations.

The first day of the 2-3 October conference will take place at the University of South California Davidson Conference Center, while on the second delegates will move to the Vortex Dome Theater (pictured) for “a glimpse of a leading-edge immersive entertainment venue”.

The event is explicitly not looking at the digital out-of-home advertising or communications markets, but at the way that similar technologies are being used in leisure and entertainment.

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