Talks called off due to regulatory and financial uncertainty around the deal and because parties were unable to agree on terms.
NordStar, Postmedia terminate merger discussions | Toronto Star
https://www.thestar.com/business/2023/07/10/nordstar-postmedia-terminate-merger-discussions.html
2 Comments
Six@kbin.social · 2 pts · 3y
While they both need to figure out some way to sustain their businesses, I am glad this was not the solution they went with. I had a hard time believing that the Toronto Star would have been left alone indefinitely, maintaining their independence.
sendingmath@kbin.social · 2 pts · 3y
like the lie when Postmedia bought the Sun newspapers. "oh we'll maintain separate newsrooms for sure!" Yeah that really lasted >.>