Is oOh!media a gamble on cyclical advertising or bulletproof infrastructure play? Private equity just spent $1 billion to find out.

Australian outdoor advertising company oOh!media has agreed to be acquired by infrastructure investor I Squared Capital for A$1.04 billion, including debt. The deal values its…

Is oOh!media a gamble on cyclical advertising or bulletproof infrastructure play? Private equity just spent $1 billion to find out.