Competition Bureau OK’s BCE-Astral Deal

by admin on March 5, 2013

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.


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