Woodbridge acquires the Globe and Mail

Bell Canada Enterprises, the country’s largest telecom carrier, purchased 100 percent of CTV Inc. in a $1.3 billion transaction. The deal breaks apart CTVglobemedia Inc., with BCE retaining its current 15 percent share in the Globe and Mail. Woodbridge Co. Ltd., the holding company of the Toronto-based Thomson family, will regain majority ownership of the Globe with an 85 percent stake. As a result of the deal, Torstar and Ontario Teachers Pension Plan will no longer hold any interests in the national newspaper.

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