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Shaw sells Shaw Media to Corus for CAD 2.65 bln
2016-01-13 18:41:00| Telecompaper Headlines
(Telecompaper) Shaw Communications has agreed to sell its Shaw Media operations to Corus Entertainment for CAD 2.65 billion in cash and shares. At completion, Shaw will own 39 percent of Corus. The deal will bring Shaw net proceeds of around CAD 1.8 billion, money which will be used to fund the previously announced acquisition of Wind Mobile for CAD 1.6 billion. This transaction is expected to close in the third quarter.
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Category:Telecommunications