BCE takeover of Astral OK’d by Competition Bureau; still needs CRTC OK
Posted Mar 4, 2013 04:37:16 PM.
This article is more than 5 years old.
OTTAWA – BCE Inc. (TSX:BCE) has received Competition Bureau clearance for its $3.38-billion acquisition of Astral Media (TSX:ACM.A).
Under the deal, the bureau says Bell must divest itself of Astral’s ownership interests in several pay and specialty television channels.
The deal still requires approval from the Canadian Radio-television and Telecommunications Commission.
The CRTC killed the original deal last October, saying it wasn’t in the best interests of Canadians.
