CHAMP Private Equity’s oOh!media to buy Eye Corp
CHAMP Private Equity’s oOh!media has agreed to buy Eye Corp, Ten Network Holdings’ outdoor advertising business. The deal values Eye at up to A$145 million, of which A$120 million will be paid in cash on completion, with the remainder due in three years time.
Outdoor Media Operations, oOh!media's parent company, was bought by CHAMP late last year. It plans to retain Eye's Australia, New Zealand and Indonesia operations but sell of the UK and US assets. Ten...
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