Canadian media giant Bell Globemedia wants to expand it's reach by making a friendly offer of 1.7 Billion friendly Canadian dollars to buy friendly rival Chum.
"While the deal is supported by the family that controls 88.6 percent of Chum’s voting shares and just over 13 percent of its nonvoting equity, the transaction will probably be subjected to intense regulatory scrutiny.
In 12 Canadian cities, Chum’s broadcast television stations compete directly with stations owned by, or affiliated with, Bell Globemedia’s CTV network. Between them, the two companies also control 31 specialty channels, including market leaders like TSN, an all-sports channel, and MuchMusic, Canada’s answer to MTV."
Ok enough with all the friendly deal making. Now lets get back to some good ol American hostile takeovers and corporate spying.
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