Focus Media Enters Into Definitive Merger Agreement for Going Private Transaction

Focus Media Holding Limited (Nasdaq: FMCN ) announced today that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with Giovanna Parent Limited ("Parent") and Giovanna Acquisition Limited ("Merger Sub"), pursuant to which Parent will acquire Focus Media (the "Transaction") for US$5.50 per ordinary share of the Company