TELUS to acquire the remaining 13.1% stake in TELUS Digital for $539m

TELUS, a publicly traded holding company and conglomerate, offered to acquire the remaining 13.1% stake in TELUS Digital, a technology company specializing in digital customer experiences, for $539m. "TELUS Digital's world-leading capabilities in digital customer experience solutions and AI innovations are highly complementary to our strategy at TELUS. The transaction is fully reflective of our belief that closer operational proximity between TELUS and TELUS Digital will enable enhanced AI capabilities and SaaS transformation across all lines of our business, including telecommunications, TELUS Health and TELUS Agriculture & Consumer Goods, driving positive outcomes for the customers we serve on a global basis. Furthermore, this transaction, once completed, will also accelerate our global growth in products and services to other customers around the world in key verticals, including financial technology, gaming and technology, communications and media, and health, while also delivering significant value for our shareholders," Darren Entwistle, TELUS President and CEO.