SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025 23:29
Focus Media Information Technology Co Ltd announced last night (21st April)it would invest $ 200m in the sports industry.
Focus Media said in the statement that it would partner with FountainVest China Growth Partners GP2 Ltd to found a company, to be named Focus Media FountainVest Sports JV L.P.
Focus Media FountainVest Sports JV L.P. will invest in domestic and global high-quality sports industry startups.
Focus Media will invest up to $ 200m in Focus Media FountainVest Sports JV L.P. and take up to a 50% share of the company.
Focus Media Information Technology Co Ltd, the undisputed Chinese outdoor-display advertising giant, delisted from the U.S. In 2013 in one of China’s biggest leveraged buyouts.
It now trades shares on China’s A-share market through a reverse merger and is valued at around RMB 135.4 billion.
Source:Focus Media
Proofread by John Devlin.
Related coverage
Budweiser and NFL to jointly tap Chinese market
26 Jan 2016
New anti-doping rules unveiled in China
11 Dec 2014
DDMC to establish joint venture company with Suning Sports
06 Jun 2017
Oriental Pearl Media, Super Sports and Shankai Sports may team up on UEFA media rights
07 Dec 2015
06 May 2016
More from Yutang Sports
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
Yutang Sports
loading...