AirMedia Group (AMCN) Acquires Excel Lead

July 7, 2008 8:35 AM EDT

AirMedia Group Inc. (Nasdaq: AMCN) entered into definitive agreements to acquire 100% of the equity interest in Excel Lead International Limited, or Excel Lead, and 80% of the equity interest in Flying Dragon Media Advertising Co., Ltd., or Flying Dragon, which operate the advertising business on gate bridges in 10 airports in mainland China.

AirMedia Group operates the largest digital media network in China dedicated to air travel advertising.


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