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NANJING, May 14 (Xinhua) -- Chinese publisher Phoenix Media on Wednesday confirmed the 80-million-U.S.-dollar acquisition of the children's book business of U.S. publisher Publications International, LTD (PIL).


Phoenix Media is a wholly owned subsidiary of Jiangsu Phoenix Publishing Co., based in Nanjing Wholesale Early Wynn Jersey , capital of east China's Jiangsu Province.


The acquisition covers all the children's book business assets owned by the Illinois-based PIL, including its overseas subsidiaries in Germany, France and Mexico.


It is the largest transnational merger by a Chinese publishing house.


A spokesman with Phoenix Media said PIL's children's book business includes not only paper publications but a chain of cultural products, including audio children's books and early childhood educational products Wholesale Robin Ventura Jersey , which is an advantageous supplement to Phoenix's product chain.


The listing of Phoenix Media on the A-share market in Shanghai in 2011 was China's largest IPO