Charm Communications Buys 60% Stake in Clickpro, 21st Reports
Charm Communications Inc. (CHRM), a television advertising agency, bought a 60 percent stake in Shanghai-based Clickpro, the 21st Century Business Herald reported, without saying where it got the information.
The acquisition is expected to be completed by the third quarter this year, the newspaper reported.
Clickpro, an advertising company, was set up by former Google Inc. and eBay Inc. (EBAY) employees.
To contact the editor responsible for this story: Bloomberg News at firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.