Nine confirms acquisition talks with outdoor ad firm Ooh Media
Nine Entertainment has confirmed it is in acquisition talks with outdoor advertising firm Ooh Media.
A statement issued by Nine to the Australian Stock Exchange said discussions are “on going”.
Confirmation of the talks came as reports emerged in the Australian Financial Review that the two companies are in talks.
“NEC confirms that it is in discussions with the owners of Ooh Media! about a possible acquisition of that business,” the statement said. “Those discussions are on going and there is no certainty that they will lead to a transaction.
“Further information will be disclosed to the ASX if any agreement for an acquisition is reached.”
Ooh Media is 80 per cent owned by CHAMP Private Equity.
