Postmedia Acquires Brunswick News Inc.
February 17, 2022
Postmedia Network Canada Corp. has completed the acquisition of all issued and outstanding shares of Brunswick News Inc. from J. D. Irving, Limited, adding BNI's daily and weekly newspapers, digital properties and its parcel delivery business to Postmedia's portfolio. The transaction was valued at $7.5 million in cash plus $8.6 million in variable voting shares of Postmedia, and Postmedia says the acquisition expands its national news footprint and parcel delivery capabilities across Canada.
- Targets
- Brunswick News Inc.
- Sellers
- J. D. Irving, Limited
- Industry
- Media & Entertainment
- Location
- New Brunswick, Canada
- Transaction Type
- Buyout
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