OUTFRONT Media and Bell Media Announce Closing of the Sale of OUTFRONT Media's Canadian Business
OUTOUTFRONT Media(OUT) Prnewswire·2024-06-10 20:00

NEW YORK, June 10, 2024 /PRNewswire/ -- OUTFRONT Media Inc. (NYSE: OUT) and Bell Media Inc., a wholly-owned subsidiary of BCE Inc. (TSX, NYSE: BCE), announced today that they have closed the sale of OUTFRONT Media's Canadian business to Bell Media for a purchase price of C$410 million in cash, subject to certain purchase price adjustments. Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media, said: "The sale of our Canadian business illustrates the inherent value of our out-of-home assets, an ...