Breaking News, World News and Taiwan News.

Canada regulator rejects BCE's bid for Astral on consolidation concern

AP
October 20, 2012, 12:06 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

TORONTO -- Canada's broadcast regulator rejected BCE Inc.'s bid to buy Astral Media Inc. for US$3.4 billion, saying the deal would have resulted in an unprecedented level of consolidation in the country's media landscape.

BCE, Canada's largest telecommunications company, said Thursday it was “appalled” by the decision and vowed it would ask the federal cabinet to intervene. BCE had wanted to create a media powerhouse with more content to deliver to televisions, tablets and mobile devices.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Eurozone current account surplus hits US$11.5 bil. in August: ECB

NEXT ARTICLE
Malaysia's Astro sees gains of 3.3% over IPO price on return to market

Sponsors
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	"JJshouse is the leading supplier of all kinds of dresses. You can buy your favorite prom dresses here."
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.