US Edition
Telus Offers to Fully Own Digital Unit for Greater Control of AI Capabilities
- TELUS Corporation announced on June 12, 2025, a non-binding offer to acquire all outstanding TELUS Digital shares at US$3.40 per share to regain full control in Vancouver.
- TELUS partly spun out TELUS Digital in 2021 with a US$25 share price IPO, but the digital arm's shares have since dropped over 90%, creating market conditions for reacquisition.
- TELUS currently owns 57.4% of TELUS Digital shares and 86.9% of voting power, and seeks to integrate AI capabilities across all business lines including telecommunications and health.
- TELUS Digital's closing price hit US$3.67 on June 11, 2025, nearly 25% above TELUS's offer price, representing a 15% premium over the prior close and a 23% premium on the 30-day average.
- The acquisition, subject to due diligence and approvals, aims to enable enhanced AI integration but faces uncertainty as no formal agreement exists and the offer could be revised or withdrawn.
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Channel News AsiaReposted by 
BizToc
BizTocTelus offers to fully own digital unit for greater control of AI capabilities
Telus said on Thursday it intends to acquire the shares in its listed digital services subsidiary it does not currently own, as the Canadian telecom firm seeks greater control of the unit's artificial intelligence capabilities.The company has offered $3.40 per share to acquire the shares it does not own in Te
·Singapore
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VANCOUVER, British Columbia--(BUSINESS WIRE)--Jun 12, 2025-
The Peterborough Examiner+7 Reposted by 7 other sources
Telus Corp. proposes to buy back full ownership of Telus Digital
VANCOUVER - Telus Corp. has proposed to buy back full ownership of Telus International (Cda) Inc. in a proposal that values the company it spun off in 2021 at about US$940 million.
·Peterborough, Canada
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Leaning Left4Leaning Right2Center4Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
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R 20%
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