Newad swaps indoor advertising assets with VC-backed Zoom Media
Newad Inc, an indoor advertising company headquartered in Montréal, has agreed to exchange certain assets with Zoom Media Group Inc, a New York-based business that operates in the same industry. Under the terms of the deal, Newad will acquire Zoom Media's RestoBars, Campus, Fashion, Business, Medical, and Golf networks, while Zoom Media will acquire Newad's fitness establishments. The two companies said the strategic initiative will allow them to refocus their business activities in Canada. Zoom Media is owned by the de Gaspé Beaubien family and U.S. venture capital firm ABS Capital Partners.
8 June 2015•4 mins read
