CHAMP PE-backed oOh!media walks away from Eye Corp buyout
CHAMP Private Equity’s oOh!media portfolio company has decided not to proceed with its buyout of Eye Corp, Ten Network Holdings’ outdoor advertising business. This comes despite Ten’s denial earlier this week that the acquisition price would be lowered due to concerns about the outdoor advertising business’ financial performance.
Ten said that negotiations over a deal on "amended" terms continue with Outdoor Media Operations (OMO), oOh!media's parent company, but that it is also considering legal options. The collapsed deal valued...
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