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Tiger Media Announces Divestiture of SearchMedia International Limited Subsidiary

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posted:1/5/2013
language:Japanese
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Description: SHANGHAI, China--(BUSINESS WIRE)--Tiger Media, Inc. (“Tiger Media” or the "Company") (NYSE MKT:IDI), (NYSE MKT:IDI.WS), one of China's leading nationwide multi-platform media companies, today announced the divestiture of its SearchMedia International Limited subsidiary. As part of the transaction, SearchMedia International Limited (“SMIL”) will be divested to Partner Venture Holdings Limited (“Partner”), an independent third party private limited company, in exchange for 650,000 options of Tiger a style='font-si
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