VisionChina Media and Focus Media Enter Purchase Agreement

VisionChina Media Inc. VISN and Focus Media Holding Limited FMCN today announced they have entered into a securities purchase agreement, pursuant to which Focus Media will purchase 15,331,305 newly issued common shares of VisionChina Media at a price of US$3.979 per share, equivalent to US$3.979 per ADS, for a total consideration of approximately US$61.0 million.