CRTC gives thumbs up to Shaw Media acquisition by Corus
The Canadian Radio-television and Telecommunications Commission (CRTC) has approved an application by Shaw Communications Inc to sell its shares in Shaw Media Inc to Corus Entertainment Inc for $2.65 billion. As the companies are affiliated, the CRTC concluded the change in ownership "does not result in a change in effective control of either entity." It added that the deal positions Corus "as a stronger player" that can "offer better services and higher-quality programming." The deal was opposed by Corus minority investor Catalyst Capital Group, a Canadian private equity firm.
23 March 2016•4 mins read
