Friday, 16 March 2012

Bell acquires Astral Media for $3.83 billion

Bell Acquires Astral Media
#bell #astral @Bell_News @astral
Canada’s largest telecommunications company Bell has reached an agreement to acquire Astral Media Inc. for $3.38 billion.
The transaction will give the Montreal-based company a slate of media assets that include radio stations and television channels across the country. Among the channels included in the deal are HBO Canada, the Movie Network and the Family Channel.
Through the deal, Bell also acquires Astral’s advertising division, which operates billboards around the country. BCE, which owns Bell Media, says the agreement includes $380 million in debt.

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