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BCE takeover of Astral OK’d by Competition Bureau; still needs CRTC OK
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.
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