CanWest, Goldman buy Alliance Atlantis for $1.95 bn
CanWest Global Communications and New York-based investment bank Goldman Sachs completed their takeover of Alliance Atlantis Communications ( AAC ) yesterday. The final price for the Canadian broadcaster and film distributor was pegged at $1.95 bn (C$2.3 bn). The acquisition cements CanWest's position as the nation's largest media company. The prime asset, in CanWest's strategic vision, is 13 specialty channels worth an estimated $1.3 bn.