The acquisition has been done in an all-cash deal by a Chinese Consortium led by Zhiyong Zhang, the chairman of Beijing Miteno Communication Technology Company, a technology, media and telecom business. The company was bought from serial entrepreneur Divank Turakhia’s Starburster TMT Investments. Media.net will continue to operate under Divyank Turakhia and its current management team and retain the business model.

Advertising technology company Media.net acquired for $900 mn

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