Canada Backs Shaw's $2B Deal For Canwest TV Assets

Law360, New York (October 22, 2010, 7:06 PM EDT) -- Canada’s broadcasting regulator has signed off on Shaw Communications Inc.’s CA$2 billion ($1.94 billion) acquisition of Canwest Global Communications Corp.’s distressed television assets, finally allowing the deal to be completed just over a year after Canwest first filed for bankruptcy protection.

The Canadian Radio-television and Telecommunications Commission gave its approval to the deal Friday, saying it was satisfied that the transaction would benefit the broader Canadian broadcasting system.

“Shaw will provide the television properties involved in the transaction with stable ownership as they emerge from a...
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