Focus Media Sells Internet Division Allyes to Silver Lake
SHANGHAI, China, July 30, 2010 — Focus Media Holding Limited (Nasdaq: FMCN), China’s leading
digital media group today announced that they have entered into a definitive share purchase agreement with Silver
Lake, a global leader in private investments in technology and technology-enabled industries, pursuant to which
Focus Media will sell to Silver Lake a 62% indirect equity ownership of its Internet subsidiary, Allyes Online
Media Holdings Ltd and its consolidated subsidiaries and affiliates (together “Allyes”). Under the terms of the
agreement, Silver Lake will pay US$124 million to Focus Media, in exchange for the equity ownership of Allyes
held by Focus Media. Simultaneously with the signing of the agreement, certain remaining shareholders of Allyes
also agree to sell their equity ownership in Allyes to Silver Lake, so that following the series of transactions, Silver
Lake will own a controlling stake in Allyes.
“We are delighted to welcome Silver Lake as our majority shareholder and strategic partner,” said
Mr. David Zhu, CEO of Allyes. “Allyes looks forward to leveraging Silver Lake’s deep technology background
and exceptional insights in the global interactive market as we continue to grow and innovate our business
“Allyes is entering into its next phase of growth, we believe technology investment firm like Silver Lake will
be able to take Allyes to a new level of growth through strengthening its technological competitiveness in China.
Post this transaction, Focus Media will be more focused on our core businesses, striving to continuously enhance
and expand our life-circle media platforms through our LCD display network, poster frame network, in-store
network and movie theater network,” said Mr. Jason Jiang, Chairman & CEO of Focus Media.
The transaction is expected to close soon, subject to customary closing conditions.
MacQuarie Capital Advisors is acting as the financial advisor to Focus Media