The Week: City news - Global and GCap strike deal

Global Radio, the company led by Charles Allen, has agreed terms to take over GCap Media at 225p per share, valuing the business at £375 million. The deal was struck an hour after the Takeover Panel had granted the companies an extra 24 hours to complete the deal. It creates Britain's biggest commercial radio operator, with nearly half of the UK radio advertising market.

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content