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CRTC consulting on Sirius going-private plan

Media | 11/30/2016 9:49 pm EST

The CRTC is collecting feedback on Sirius XM Canada Holdings Inc.’s plan to transform into a privately held company. In a notice of consultation posted to its website Wednesday, the commission said it “must be satisfied that the broadcasting undertakings are owned and controlled by Canadians and that the proposed ownership transaction furthers the public interest as expressed in the objectives of the Broadcasting Act.” The $236.4-million transaction has so far received approval from the Ontario Superior Court of Justice and the...