Disney & Google to invest in Bus-Online Co.
It appears Google will invest along with Disney in China’s largest bus digital media and advertising company which owns the largest mobile television network in China. The mobile television network covers around 32 major cities with close to 60,000 bus mobile TV terminals.
No agreement has been reached as of yet but it appears Google will be a small investor while the U.S. consortium will pay over $100 million to acquire 30 to 40 percent stake in Bus-Online. Disney is attempting to expand its reach to the Chinese public while Google recently had issues with the Chinese government and its stringent control of the internet.
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