Ooh Media’s Brendon Cook confident the ACCC will pass Adshel deal

June 25, 2018 3:05

Ooh Media is confident the ACCC will approve the company’s bid for Adshel, but staff should brace for cuts next year, CEO Brendon Cook and CFO Sheila Lines have said.

Speaking this morning, Cook expressed his confidence that the takeover would not fall foul of the competition regulator in the same way the ill-fated merger between Ooh Media and competitor APN Outdoor did last year.

Ooh media CEO Brendon Cook is confident the ACCC will approve the Adshel deal

“In terms of the ACCC, Ooh does not operate in the out-of-home categories in which Adshel operates, being street furniture and rail, and on that basis we do not expect the issues raised by the ACCC regarding the merger between Ooh and APN Outdoor would be applicable in the combination of Ooh and AdShel,” Cook said.

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Paul Wallbank

Paul Wallbank was news editor at Mumbrella between June 2017 and June 2019. Previously he's covered business and technology issues for outlets ranging from The Australian and Sydney Morning Herald to the ABC and Business Spectator.

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