This is by far the business story of the day. CBC is reporting that BCE will spend $1.3B to buy CTV. The deal is still pending approval by the CRTC and the Competition Bureau, but it would give BCE some of the largest communications holdings in the world.
However, despite the deal, BCE`s share price went down about 13%. You would think with such a highlight deal it would at least experience some sort of a jump.
Either way, its interesting story which will be sure to be talking about for some time to come.
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