By: M4G Bureau
Last updated : June 21, 2018 10:06 am
APN Outdoor has been reportedly offered $1 billion; the Australian major is now assessing the acquisition proposal
The APN Outdoor-oOh!media was stalled last year after the Australian Competition and Consumer Commission (ACCC) took the stance that the merger would likely result in a substantial lessening of competition in Australia’s OOH advertising services.
It is reported that APN is currently looking at acquiring outdoor advertising rival Adshel, a division of HT&E Limited, for about $500 million.