Chinese display-advertising provider Focus Media said on Wednesday it had agreed to be acquired by a consortium of private equity funds led by Carlyle Group for about $3.7 billion.
April 29- Focus Media Holding Ltd:. *Shareholders vote to approve going private transaction. *Says the parties currently expect to complete the merger in May 2013.
Chinese display-advertising provider Focus Media said on Wednesday it had agreed to be acquired by a consortium of private equity funds led by Carlyle Group for about $3.7 billion.