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Canada on Friday approved Rogers Communications Inc's C$20 billion ($14.8 billion) buyout of Shaw Communications after securing binding commitments to pay financial penalties if it failed to create new jobs and invest to expand its network.
Source: https://www.onenewspage.com/n/World/1zpl8k7i3e/Canada-clears-20-bln-Rogers-Shaw-deal.htm
Shaw Communications and Corus Entertainment, the parent company of Global News, are owned by the Shaw family based in Calgary.
Source: https://globalnews.ca/news/9434826/rogers-shaw-deal-industry-committee-meeting/
The results follow Rogers Communication Inc.'s completion of its deal to buy Shaw Communications Inc. and Quebecor Inc.'s acquisition of Shaw's Freedom Mobile wireless business.