TORONTO — In early June, a merger between a grandfathered multimedia giant and Shaw Communications — valued at $20.02 billion in U.S. dollars — was halted. The blockbuster deal, which was initially announced in mid-March 2021, would have combined Calgary-based Shaw and its predominantly Western Canada media assets with a company founded 59 years ago by the late Ted Rogers.
Canada’s competition bureau put a stop to the transaction. Rogers Communications and Shaw then agreed not to proceed with closing their deal until either a negotiated settlement is approved with the Commissioner or the Competition Tribunal has ruled on the matter.
On Friday, a major move designed to get the Competition Bureau in Ottawa to say yes to the marriage transpired.
