Ten Network denies concerns over Eye sale to CHAMP
Ten Network has denied reports that proceeds from the sale of its Eye Corp subsidiary to CHAMP Private Equity’s oOh!media will be lower than expected due to concerns about the outdoor advertising business’ financial performance.
It was reported in July that the deal values Eye at up to A$145 million ($148 million), of which A$120 million will be paid in cash on completion, with the remainder due in three years' time. But the Australian...
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