Chinese Consortium Acquires Media.Net For $900 Million

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Divyank Turakhia

A Chinese consortium has acquired the AdTech pioneer Media.net for an all-cash transaction of $900 million. The Consortium is led by Zhiyong Zhang, Chairman of Beijing Miteno Communication Technology, a technology, media and telecom (TMT) business listed on the GEM Board of the Shenzhen Stock Exchange. This completes the first...