Rogers to take over Shaw

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Symbonite
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Rogers to take over Shaw

Post by Symbonite »

https://www.castanet.net/news/Business/ ... ued-at-26B

Talk about a monopoly that Canada is going to let happen.
**Disclaimer: The above statement is in my OPINION only.
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Queen K
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Re: Rogers to take over Shaw

Post by Queen K »

Good bye competition. When too many media corporations own all the news coverage, and independent news outlets get smeared and blocked for "fake news" allegations, backed by social media giants, Big Tech, we know we will have nothing left.
As WW3 develops, no one is going to be dissing the "preppers." What have you done?
stuphoto
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Re: Rogers to take over Shaw

Post by stuphoto »

But they make this claim :135:
provide increased competition and choice for Canadian consumers
They are not trying to Fleeze Us are they?
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Queen K
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Re: Rogers to take over Shaw

Post by Queen K »

Interesting corporate double speak. Merging is providing "increased competition."

Dear God, make "1984" fiction again.
As WW3 develops, no one is going to be dissing the "preppers." What have you done?
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Glacier
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Re: Rogers to take over Shaw

Post by Glacier »

Queen K wrote:Interesting corporate double speak. Merging is providing "increased competition."

Dear God, make "1984" fiction again.
Increased competition. LOL!!!!!!!!!!!!!!!! Who do they think they're fooling???? More like increased profit margins for shareholders!
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Gone_Fishin
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Re: Rogers to take over Shaw

Post by Gone_Fishin »

Regulatory approval for the takeover deal shouldn't be a problem. "Who you know" helps get even the most egregious business deals done, and oligarchies seem to be the theme of the day under this government.


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DarbyD
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Re: Rogers to take over Shaw

Post by DarbyD »

Didn't Shaw just take over Global Media / Corus a few years ago to become the biggest media conglomerate in Canada? So is that what Rogers will now become?

Agreed this is becoming a monopoly. Don't we have a competition bureau? Canada already has the highest cell phone rates in the world ... this is not a good move for consumers.
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Queen K
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Re: Rogers to take over Shaw

Post by Queen K »

And who is going to say "no" to $40 bucks for shares currently at $20 bucks?

Here's the actual quote:

"Under the plan, Rogers will pay holders of Shaw's class A and B shares $40.50 in cash per share, while the Shaw family will receive some of their payment in Rogers shares.

Shaw's Class B shares closed at $23.90 on the Toronto Stock Exchange on Friday.<snip>"

Only the wealthy holders who see Big Tech/Media merging as a evil thing will not sell out. So one one, they will all sell out. The Shaw Family is remaining as part of the oligraphy I see, taking Roger's Shares as part payment.

Interesting that the founder of Shaw died in March 2020 at age 85. He must be rolling in his grave seeing the blood/sweat and tears company he built up now been sold to the competition by the family he probably left a fortune to anyways.


https://globalnews.ca/news/6727404/shaw ... w-dead-85/


This is putting a new spin on "who shot JR". Seriously, did the lawyers settle the multibillion dollar Estate in less than year?
As WW3 develops, no one is going to be dissing the "preppers." What have you done?
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Glacier
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Re: Rogers to take over Shaw

Post by Glacier »

Queen K wrote:And who is going to say "no" to $40 bucks for shares currently at $20 bucks?
I have only own about 6 different shares, and guess which one has increased the most since I bought? Shaw! Oh, and now I get $40!

BTW, it's already up to $33
shawvalue.png
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the truth
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Re: Rogers to take over Shaw

Post by the truth »

Queen K wrote:Good bye competition. When too many media corporations own all the news coverage, and independent news outlets get smeared and blocked for "fake news" allegations, backed by social media giants, Big Tech, we know we will have nothing left.
great more fake news ,,,,,,,,, no one is to be trusted ever
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typhoon44
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Re: Rogers to take over Shaw

Post by typhoon44 »

Does Rogers provide cable TV or high speed internet in Kelowna? If not then this has no impact on competition. Shaw has minimal mobile business.
lifegives
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Re: Rogers to take over Shaw

Post by lifegives »

typhoon44 wrote:Does Rogers provide cable TV or high speed internet in Kelowna? If not then this has no impact on competition. Shaw has minimal mobile business.
I just had some Telus Witnesses come by last week to sell me on their service. I've been happy with Shaw for the last 16 years and there wasn't anything they could try and get me with, but I discharged Rogers from my quorum of service providers years ago for reasons I won't get into. As much as I'm not fond of thinking about it I might have to invite those TWs into the foyer next time for a longer chat.

Rogers buying Shaw might impact the competition by driving customers to them.
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oneh2obabe
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Re: Rogers to take over Shaw

Post by oneh2obabe »

typhoon44 wrote:Does Rogers provide cable TV or high speed internet in Kelowna? If not then this has no impact on competition. Shaw has minimal mobile business.
According to their web site, they offer Wireless, Digital Cable TV, High Speed Internet, Home Phone and Smart Home Monitoring in Kelowna. Whether all services are available right now is another question.
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oneh2obabe
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Re: Rogers to take over Shaw

Post by oneh2obabe »

DarbyD wrote:Didn't Shaw just take over Global Media / Corus a few years ago to become the biggest media conglomerate in Canada? So is that what Rogers will now become?
Corus was formed in 1999 as a spin-off from Shaw Communications.
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Babba_not_Gump
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Re: Rogers to take over Shaw

Post by Babba_not_Gump »

And at the same time as this story hits the headlines, here's another Rogers story.

https://www.cbc.ca/news/business/rogers ... -1.5944348
The family of a 91-year-old woman is outraged Rogers had demanded she pay hundreds of dollars for failing to return phone and internet equipment while her Ottawa long-term care home was under lockdown.

What did show up was a bill for the unreturned equipment — more than $450 which, by this month, had grown to almost $565.

Yup, can hardly wait for the first Rogers Witness to come knocking. [icon_lol2.gif]
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