Postmedia Network Canada Corp. and Nordstar Capital LP — the majority owner of the Toronto Star and dozens of other smaller newspapers under the Metroland banner — announced last month that they had entered into non-binding discussions about possibly merging together.
The framework of the proposed merger would have seen Postmedia transfer its dozens of newspaper titles over to Metroland, with voting control of the new entity split 50-50 between the two sides. But on Monday, the two sides announced that those talks have broken down, and they have been unable to come to an agreement, "and the added backdrop of regulatory and financial uncertainty led them to make the decision to end their negotiations."
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Postmedia, Toronto Star owner Nordstar end merger talksThe two media companies said they were unable to come to an agreement
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Postmedia and Toronto Star owner Nordstar end merger talksCanadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.
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Postmedia, Toronto Star owner Nordstar end merger talksCanadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.
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NordStar, Postmedia terminate merger discussionsTalks called off after parties unable to agree on merger terms and because of the regulatory and financial uncertainty around the deal.
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