Transaction|October 19, 2012
Rogers Media Inc. acquires Score Media Inc.
Torys acted as counsel to Rogers Media with a team that included Sharon Geraghty, Rima Ramchandani, Jamie Becker, Konata Lake and Dan Doubilet (M&A), Jim C. Tory (litigation), Jay Holsten (competition), Ed Fan and Ebad Rahman (IP), Andrew Wong (tax) and Lynne Lacoursière (employment).
On October 19, 2012, Rogers Media acquired all of the outstanding shares of Score Media Inc. by way of a plan of arrangement. The shares of Score Media were placed in a trust approved by the Canadian Radio-television and Telecommunications Commission (CRTC) upon closing of the acquisition and were released to Rogers Media upon receipt of final approval from the CRTC on April 23, 2013.
The acquisition of Score Media includes The Score, Canada's third largest specialty sports channel with 6.6 million television subscribers, closed captioning service Voice to Visual Inc., and mixed martial arts program The Score Fighting Series.
Prior to the acquisition, Score Media's digital assets were transferred to theScore, Inc. (Score Digital), which was spun out to Score Media's former shareholders. As part of the transaction, Rogers Media's parent company, Rogers Communications Inc., acquired an 11.8 per cent equity interest in Score Digital.
The total consideration paid by Rogers Media in October 2012 was C$167 million.
Rogers Media Inc. is a division of Rogers Communications Inc. Rogers is a diversified Canadian communications and media company.
Score Media Inc. is a media company that provides interactive and authentic sports entertainment in Canada.
Further information can be found on Rogers' website.
The acquisition of Score Media includes The Score, Canada's third largest specialty sports channel with 6.6 million television subscribers, closed captioning service Voice to Visual Inc., and mixed martial arts program The Score Fighting Series.
Prior to the acquisition, Score Media's digital assets were transferred to theScore, Inc. (Score Digital), which was spun out to Score Media's former shareholders. As part of the transaction, Rogers Media's parent company, Rogers Communications Inc., acquired an 11.8 per cent equity interest in Score Digital.
The total consideration paid by Rogers Media in October 2012 was C$167 million.
Rogers Media Inc. is a division of Rogers Communications Inc. Rogers is a diversified Canadian communications and media company.
Score Media Inc. is a media company that provides interactive and authentic sports entertainment in Canada.
Further information can be found on Rogers' website.