Ideation buys-out China billboard operator

    December 08, 2009 | BY

    clpstaff &clp articles

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

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    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.

    A team from Latham &