US Edition
Telus Signs Deal to Acquire Full Ownership of Telus Digital
Telus Corp. is paying US$539 million to reacquire Telus Digital and aims to strengthen AI and software capabilities after a significant share price decline since its 2021 IPO.
- Telus Inc. has signed an agreement to acquire full ownership of Telus Digital, its technology outsourcing affiliate, for US$539 million or US$4.50 per share.
- Telus Digital's share price has plummeted by over 90% since its 2021 IPO due to industry pressures and loss of major clients.
- The acquisition requires approval from at least two-thirds of Telus Digital shareholders and regulatory bodies.
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26 Articles
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Telus has signed an agreement to acquire the shares of Telus Numérique which it does not yet hold, for a total amount of US 539 million, thus reverting to its decision to split the company in 2021.
·Montreal, Canada
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Winnipeg Free Press+17 Reposted by 17 other sources
Telus signs deal to acquire full ownership of Telus Digital
Breaking News, Sports, Manitoba, Canada
·Winnipeg, Canada
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Telus Digital to rejoin parent company after $743-million CAD acquisition BetaKit
Canadian telecommunications giant Telus has agreed to reclaim its spinout, Telus Digital, from the public markets. The parent company will pay $539 million USD ($743 million CAD) as it looks to bring its digital and artificial intelligence (AI) capabilities closer to home. Telus will purchase all of the outstanding shares of Telus Digital for $4.50 USD per share in cash, or a fractional share in the parent company, at a shareholder’s discretion…
Coverage Details
Total News Sources26
Leaning Left13Leaning Right0Center3Last UpdatedBias Distribution81% Left
Bias Distribution
- 81% of the sources lean Left
81% Left
L 81%
C 19%
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