Corus Entertainment wraps up $2.65 bln buy of Shaw Media

Corus Entertainment Inc (TSX: CJR.B) has closed its previously announced $2.65 billion buy of Shaw Media Inc from its sister company Shaw Communications Inc (TSX: SJR.B). Toronto-based Corus said the deal more than doubles the size of its media and content business. Canadian private equity firm Catalyst Capital Group, a Corus minority shareholder, had opposed the acquisition.

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