Sector snap: Internet stocks go along for ride up (AP via Yahoo! Finance)
Some of the Internet's most prominent companies benefited from Friday's market ebullience as their stock prices increased.
China's Focus Media To IPO Its Allyes Internet Ad Business (CBS News)
Chinese advertising firm Focus Media (NSDQ: FMCN) is primarily engaged in the out-of-home market, but it does have a fast-growing, internet business that it acquired just last year for $300 million And now the company plans to do a spinoff of the unit (Allyes Online Media Holdings) via an IPO. The company said in a release this morning that it would commence the IPO following an F-1 filing and ...
Updated: China's Focus Media To IPO Its Allyes Internet Ad Business; Valued At $1-$1.5 Billion? (paidContent.org via Yahoo! Finance)
Chinese advertising firm Focus Media is primarily engaged in the out-of-home market, but it does have a fast-growing, internet business that it acquired just last year for $300 million… And now the company plans to do a spinoff of the unit via an IPO.
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