At 10:40 on the 22 August news iResearch Consulting Group, Henry Yang, president of Focus team has strongly denied the rumors settled, and that the current nine million U.S. dollars of the purchase price of the outside world is only speculation, "There have not yet signed a purchase contract."
This morning, the media reported that Focus Media has already settled iResearch Consulting, began early integration of personnel, and to disclose the acquisition price of 900 million, down 3 million U.S. dollars has been paid, leaving the future is recommended, according to iResearch performance status of payment.
Henry Yang firmly denied the rumors and said the price for the 9 million U.S. dollars, also known as the industry's only speculation, "have not signed the contract, all remaining variables."
Widely considered the industry, Jason Jiang of Focus Media has been looking to create a market hit 20 billion U.S. dollars in China's media empire, and was brewing on the Internet advertising independent IPO plans, but Ereli is a move which eventually reach a purchase agreement is very high.
Vice president of Focus Media, Ji Hoi Wing spokesman refused comment.