Two of Canada’s largest media companies may be joining forces in a legal challenge to derail Shaw Communications Inc.’s $2-billion acquisition of Canwest Global Communications Inc.
Sources confirmed that Rogers Communications Inc. and Quebecor Media Inc. are considering supporting a group of disgruntled shareholders, including the founding Asper family, who are preparing to ask a court to reject Shaw’s takeover deal and force an open auction for all of Canwest’s television assets.
Click here for more details.
Thanks to Wayne in Canada South for this story.