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The Economic Times

National

I Squared wins bidding war for Australia's oOh!media with $735 million deal

I Squared I Squared Capital Bain Capital

Australian outdoor advertising company oOh!media said on Monday it had agreed to be bought by infrastructure investor I Squared Capital in an A$1.04 billion ($734.55 million) deal including debt.

I Squared emerged as the winning bidder ‌after a ⁠months-long contest ⁠for oOh!media that drew interest from several global investment firms, including Pacific Equity Partners, Bain Capital and Oaktree Capital.

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