Canada’s Competition Bureau has cleared BCE Inc.’s $3.38-billion takeover of Astral Media, but has attached conditions.
Under the deal, BCE’s Bell division would have to sell a number of Astral’s pay and specialty channels, including Teletoon, The Family Channel and Disney XD, as well as a number of radio stations.
Media company Corus Entertainment will purchase six of the TV stations and two radio stations for $400 million. The others will be sold in an auction process.
Read more here.