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Wireless carrier should be left out of Rogers-Shaw deal, Quebecor CEO says
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Shaw, Rogers chief executives testify that $26 billion deal will grow competition
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Rogers to acquire Shaw in CA$26 billion deal The legacies of Ted Rogers and JR Shaw are set to merge in the massive deal, with the Shaw family to become one of the largest shareholders of Rogers Communications. March 15, 2021
Rogers Communications has rocked the Canadian business landscape with the announcement of a plan to acquire Shaw Communications in a deal worth $26 billion, effectively merging the legacies of communications industry pioneers Ted Rogers and JR Shaw.
The transaction, which is subject to regulatory approvals, will see Toronto-based Rogers pay $40.50 per share in cash, worth a total of $20 billion, excluding 60% of the shares of Shaw Family Living Trust, which will be exchanged for 23.6 million shares of Rogers. The additional $6 billion estimated in the transaction is from Shaw’s existing debt. Rogers h
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Telus Corp.’s venture arm invested in a tiny company in 2017 that was working on software to enable virtual doctor-patient consultations. Two years later, Telus chief executive Darren Entwistle bought that disruptive upstart outright, and Toronto-based Akira Health became Akira by Telus Health, one offering among many at a corporation that generates annual revenue of about $15 billion.
Before you shrug at what looks like a classic big-fish-eats-little-fish story, take a closer look at the big fish.
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Try refreshing your browser. Telus sees itself as something greater than a telephone company. Is it? Back to video