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BCE to Buy Astral Media for C$3 Billion

Astral Media Inc. signage is displayed outside of the company's office in Montreal, Quebec. Photographer: Brent Lewin/Bloomberg
Astral Media Inc. signage is displayed outside of the company's office in Montreal, Quebec. Photographer: Brent Lewin/Bloomberg

(Corrects to say deal is for cash and stock)

March 16 (Bloomberg) -- BCE Inc., Canada’s largest telecommunications company, said it will acquire Astral Media Inc. for about C$3 billion in cash and stock, adding Quebec communications properties.

Link to Statement:{NSN M0Z6MV3H0JK0 <GO>}

Link to Company News:{ACM/A CN <Equity> CN <GO>} Link to Company News:{BCE CN <Equity> CN <GO>}

To contact the editor responsible for this story: JoAnne Norton at jnorton@bloomberg.net

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