Ideation buys out China billboard operator

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    clpstaff &clp articles

    Ideation Acquisition Corp has acquired media company SearchMedia International, an operator of outdoor billboards and other advertising networks in China,…

    Ideation Acquisition Corp has acquired media company SearchMedia International, an operator of outdoor billboards and other advertising networks in China, for US$176.7 million.

    Ideation, a Cayman Islands-domiciled special purpose acquisition corporation listed on Amex in New York, changed its name to SearchMedia Holdings as part of the deal.

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