Chinese investors acquired advertising firm media.net for $900 million

A group of Chinese investors led by Zhang Zhiyong, the chairman of telecom firm Beijing Miteno Communication Technology, acquired online advertising firm Media.net for $900 million.

Headquartered in Dubai, Media.net has 800 employees with 2015 revenue of $232 million and has seven offices worldwide. According to Reuters, the deal would represent the third-largest in the ad tech industry, after Google's acquisition of DoubleClick and Microsoft deal for aQuantive.

To see a list of investors from China similar to Beijing Miteno, check the Chinese Investors Directory.

More details follows