Canada’s Rogers to Begin Seeking Shaw Wireless Buyers
- Divestiture may be needed to get Ottawa’s antitrust approval
- Shaw shares hit a record last week as deal nears finish line
Signage on a Shaw store in Winnipeg, Canada
Photographer: Shannon VanRaes/BloombergThis article is for subscribers only.
Rogers Communications Inc. has opened a data room and begun talks with potential buyers of the wireless assets of Shaw Communications Inc. as it tries to gain regulatory approval for a $16 billion takeover, according to a person familiar with the matter.
Rogers, Canada’s largest wireless and cable firm, may need to sell all or part of Shaw’s wireless business to get regulators to give their blessing for the acquisition of Calgary-based Shaw. The companies have said they want to close the deal by June 30.