Corus Entertainment Inc. (TSX:CJR.B) completed the acquisition of Historia and Séries+ from Shaw Media Inc. and BCE, Inc. for approximately CAD 80.4 million.
As of March 15, 2013, the transaction received clearance from the Competition Bureau. Dervla Kelly acted as a public relation advisor for Shaw Media.
As of June 27, 2013, Canadian Radio-television and Telecommunications Commission approved the transaction. The transaction is expected to close in the fall of 2013. Douglas Bryce of Osler, Hoskin & Harcourt LLP acted as legal advisor to Corus Entertainment Inc.
Corus Entertainment Inc. (TSX:CJR.B) completed the acquisition of Historia and Séries+ from Shaw Media Inc. and BCE, Inc. (TSX:BCE) for approximately CAD 80.4 million on January 1, 2014. The net consideration was paid from cash on hand and existing bank lines of credit. The overall transaction will be immediately earning per share and free cash flow accretive.