Tag: Media.Net

12
Sep

Media.Net Acquisition by Chinese Consortium Worth $900M

Media.net, an ad tech start-up founded by Divyank Turakhia, was acquired August in an all-cash $900M worth deal by a Chinese Consortium, helmed by Mr. Zhiyong Zhang. Mr. Zhang chairs Beijing Miteno Communication Technology Co. Ltd. (SZ. 300038), a technology, media and telecom business. Media.net is a large and thriving business with $232M in IFRS revenue in 2015, ninety percent

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