Muddied but unbowed Focus looks to go private

Chinese advertising company Focus Media, which has been under attack by short-seller Carson Block, gets a buyout offer.

Muddied but unbowed Focus looks to go private

The Chinese advertising company Focus Media, which short-seller Muddy Waters claimed was overstating its assets, has received a leveraged-buyout bid from a consortium that includes its chief executive and a group of private-equity firms.

The Carlyle Group, Citic Capital Partners, CDH Investments, China Everbright, FountainVest Partners and Jason Nanchun Jiang, chairman of the board and chief executive of Focus Media, and his affiliates, have joined together to form a consortium that has proposed an...

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