More than 2 months after the news of its acquisition emerged, Li Xiang's PCPOP website has finally found a buyer in what is expected to be the largest M&A case in the history of IT websites. Sources in the advertising sector in Shanghai confirmed that Johnny Jiang paid a deposit of RMB10 million for PCPOP on November 1st. The acquisition is expected to be completed before January 1st, 2008 at an estimated total cost of US$16 million (RMB120 million). In addition, if PCPOP reaches its sales target of US$10 million for the whole of 2008, it will receive a bonus of US$2 million.