Sunday, July 08, 2007

Bell Canada Enterprise Goes for $48.5B

From, a Jupiter Media company:

Bell Canada Enterprise (BCE) has been bought out in one of the largest leveraged buyouts ever. The Canadian Telecom giant which has phone, internet, wireless, Satellite TV and media holdings including CTV and The Globe and Mail newspaper is set to be acquired by for US$48.5 billion. BCE will be acquired by a consortium of investment firms led by the Ontario Teachers Pension Plan and its private investment arm Teachers Private Capital. Teachers will be joined by Providence Equity Partners Inc. and Madison Dearborn Partners, LLC. in all cash deal that will include the assumption of debt, preferred equity and minority interests.

That almost $50 BILLION! And one more Bell company disappears.

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