The regulatory fight over the $26-billion proposed merger between Rogers Communications Inc. and Shaw Communications Inc. is headed to public hearings after the Competition Bureau doubled down on its intention to block the deal during a case management…
The regulatory fight over the $26-billion proposed merger between Rogers Communications Inc. and Shaw Communications Inc. is headed to public hearings after the Competition Bureau doubled down on its intention to block the deal during a case management conference on Tuesday.
Rogers and Shaw said the Competition Bureau is"attacking a non-existent transaction," noting that Freedom would be sold to Videotron before the acquisition of Shaw occurs and that the original deal is no longer relevant. In a separate decision last week, Industry Minister François-Philippe Champagne put new conditions on the deal, specifically targeting the sale of Freedom to Videotron.
In response, Quebecor said it would accept the conditions, agreeing to incorporate them in a revised deal.
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