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BCE Inc (2)
Symbol BCE
Shares Issued 848,115,514
Close 2015-08-14 C$ 53.76
Market Cap C$ 45,594,690,033
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Globe says BCE sells 15% Globe interest to Woodbridge

2015-08-17 09:20 ET - In the News

The Globe and Mail reports in its Saturday edition Woodbridge has taken full ownership of The Globe, acquiring the 15-per-cent share from BCE that it did not previously own. The Globe's James Bradshaw writes the telco and Woodbridge, the private holding company of the Thomson family, announced on Friday they had reached a deal. Financial terms of the sale were not disclosed. Through Woodbridge, the Thomson family has been The Globe's majority owner. The company previously held 85 per cent of the paper's shares, some of which it acquired in 2011 after BCE agreed to take full ownership of broadcasting company CTV Inc. for $1.3-billion. The newspaper and the broadcasting properties had been jointly owned under CTVGlobemedia, a private media company forged a decade earlier by BCE and the Thomson family under the prior name Bell Globemedia. Until Friday, BCE, the parent company of Bell Canada, had continued to own 15 per cent of The Globe, and occupied a seat on the newspaper's board of directors. The Globe will keep its governance structure, though its board will no longer include a representative from BCE. Phillip Crawley, The Globe's publisher, said the sale will not affect day-to-day operations.

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