Announced
Completed
Financials
Tags
Canada
Public
Domestic
Single Bidder
Majority
telecommunications provider
Acquisition
Telecommunications Services: Other
Friendly
Completed
Synopsis
Rogers Communications, a Canadian communications and media company, completed the acquisition of Shaw Communications, a Canadian telecommunications company which provides telephone, Internet, television, and mobile services, for $15.5bn. “This is a momentous day for our customers, who will benefit from the latest services and network technology, and for our teams, who have worked so hard to get us here. We’re proud to bring together these two iconic companies to deliver more value, more connectivity, and more innovation for Canadians," Tony Staffieri, Rogers President and CEO. On May 20, 2021, Shaw shareholders approve the $15.5bn sale to Rogers Communications. On May 31, 2021, Rogers agrees with Canada's competition bureau to put Shaw merger on hold.
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