Announced
Financials
Tags
Friendly
Single Bidder
Canada
Majority
advertising company
Pending
Media Agencies
Acquisition
Private
Domestic
Synopsis
Bell Media, a media conglomerate that is the mass media subsidiary of BCE, agreed to acquire Canadian business from OUTFRONT Media, an outdoor media company, for $300m. "The sale of our Canadian business highlights the value of our assets and will provide us with additional financial flexibility as we focus on our US assets. While we will miss our Canadian colleagues, we know the business we have built together will be in excellent hands with Bell Media," Jeremy Male, OUTFRONT Media Chairman and CEO.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.