Private equity investor Oakley Capital Investments has outlined plans to target the online media industry after acquiring half of publisher Time Out.

Oakley announced its acquisition of a 50% stake today, in a deal that values the company at about £20m.

Oakley backs the publisher of travel guides and magazines and looks to target the online digital media sector

Dow Jones Newswires

Oakley Capital

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Oakley Capital buys 50% of Time Out

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