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  "documentTitle": "Duff & Phelps | Investment Banking Pitch Book | 26 slides",
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  "authorName": "Duff & Phelps",
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  "presentationDate": "2015-09-01 00:00:00",
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  "notes": "Includes detailed footnotes explaining adjustments to enterprise value and valuation multiples.",
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      "text": "(1) Implied value of estimated 10%-15% remaining ownership interest after earnout adjustments... (2) Includes investments in privately held companies... (3) Amount due from Beijing AirMedia... (4) Net-after-tax proceeds... (5) Reflects the expected sale proceeds... (6) Estimated fair market value of non-controlling interest.",
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      "text": "Note: Balance sheet data as of June 30, 2015. Financial performance metrics presented are adjusted to exclude public company costs, non-recurring income (expenses) and business held for sale.",
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      "text": "Valuation Range Conclusions table showing Enterprise Value, Value per ADS, and Implied Valuation Multiples.",
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      "text": "Introduction and Transaction Overview",
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      "text": "Valuation Summary",
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