A PYMNTS Company

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.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Ottawa Citizen

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.