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Canada: Decision on Bell, Astral broadcaster deal expected today

By  |  June 26, 2013

Regulators are expected to rule on the proposed buyout of Astral Media by Bell for $3.8 billion on Thursday, say reports. The Canadian Radio-television and Telecommunications Commission said it would announce its decision on the merger on Thursday after markets close. This will be the second time the parties attempt the gain clearance of the deal, as the CRTC rejected the buyout last fall. In order to quell concerns, Bell has offered to divest some of Astral’s television channels, though Bell assured that it would abandon the plan if the CRTC requires more divestures from the firm.

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