OUTFRONT Media’s Divestiture of its Canadian Business to Bell Media
October 23, 2023
On October 23, 2023, OUTFRONT Media Inc. (“OUTFRONT Media”) and Bell Media announced that they have entered into an agreement to sell the Canadian business of OUTFRONT Media to Bell Media, a wholly‑owned subsidiary of BCE. The purchase price is C$410 million in cash, subject to certain adjustments and a holdback. Cravath is representing OUTFRONT Media in connection with the transaction.
The Cravath team is led by partner Robert I. Townsend III and included associates Alexander E. Greenberg, Nicholas B. Singer, Christopher G. Doherty and Steven T. Marzagalli on M&A matters; partner Christopher J. Kelly on financing matters; partners Christopher K. Fargo and Andrew T. Davis and associate Jamie H. Lee on tax matters; partner Matthew J. Bobby, senior attorney Arian Mossanenzadeh and associate Celine Siqing Li on executive compensation and benefits matters; partner David J. Kappos and associate Ryan J. Wichtowski on intellectual property matters; partner Matthew Morreale and associate Star S. Gulant on environmental matters; and senior attorney Joyce Law and practice area attorney Brian M. Budnick on real estate matters. Megan Samayoa also worked on tax matters and Kenya Rowser also worked on intellectual property matters.
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J.D., 1990, Harvard Law Schoolmagna cum laude
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B.A., 1996, Columbia UniversityPhi Beta Kappa, summa cum laude
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J.D., 1990, University of California, Berkeley, School of Law
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B.S., 1983, University of California, Davissumma cum laude
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J.D., 1997, Columbia Law SchoolHarlan Fiske Stone Scholar
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