Shanghai, China - Focus Media (NASD: FMCN), China's larges digital media group, announced on Monday that it will acquire CGEN Digital Media Company, the operator of an in-store digital advertising network in China, for $168.4 million in cash.

The deal also calls for an additional payment of up to $181.6 million, contingent upon CGEN meeting certain earnings targets.

Focus Media operates China's largest out-of-home ad network, serving ads on digital displays in public places.

The deal is expected to close in the first quarter of 2008.

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http://ir.focusmedia.cn

http://www.cgenmedia.com