trending Market Intelligence /marketintelligence/en/news-insights/trending/JtXPr7Zi4ysizlLkn1M7Mw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

OUTFRONT Media completes sale of LatAm business

TMT News & Research: 2020 Recap

Blog

Charter, DIRECTV and Comcast rank as the top 'RSN-friendly' MVPDs

Quibi's $2 billion bet on mobile video fizzles out

Cable nets struggle with cash flow declines due to cord cutting, pandemic


OUTFRONT Media completes sale of LatAm business

hascompleted the sale ofall of its equity interests in certain of its subsidiaries, which hold all ofthe assets of its outdoor advertising business in Latin America, to certainsubsidiaries of JCDecaux SA.

Inconnection with the transaction, the company received $82.0 million in cashplus working capital, which is subject to post-closing adjustments, accordingto an April 1 Form 8-K filing.

Underthe deal, OUTFRONT Media sold its assets in Argentina,Brazil,Chile,Mexicoand Uruguay, leaving OUTFRONT's international business toconsist exclusively of its operations in Canada.