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New Deal


Announced

Bell Media to acquire Canadian business from OUTFRONT Media for $300m.

Financials

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Transaction Value£246m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

Single Bidder

Canada

Majority

advertising company

Pending

Media Agencies

Acquisition

Private

Domestic

Synopsis

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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.

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